Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of bioactive molecules with antifungal, antibacterial, or insecticidal properties. Its aldehyde functional group allows for easy modification in organic reactions, making it valuable in constructing complex heterocyclic compounds. Commonly employed in condensation reactions to form Schiff bases or in the preparation of dyes and fluorescent probes due to its aromatic and electron-rich structure.