Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure allows for the development of compounds with potential biological activity, making it valuable in drug discovery and development. Additionally, it is utilized in the synthesis of advanced materials, such as polymers and coatings, where its aromatic and aldehyde functionalities contribute to desired properties like stability and reactivity. In research, it is often employed to study reaction mechanisms and to create novel chemical entities for further investigation.