Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of antiviral and anti-inflammatory agents. Its aldehyde functional group allows for easy modification, enabling the formation of Schiff bases or other derivatives important in drug design. Also employed in the preparation of fluorescent probes due to its favorable electronic properties, making it useful in biochemical imaging and sensor technologies. Additionally, it serves as a building block in agrochemicals for creating herbicides and plant growth regulators.