This chemical is primarily used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. It serves as a key building block for the development of more complex molecules, often contributing to the formation of active ingredients in drugs or crop protection agents. Its reactive functional groups, such as the formyl and ester groups, make it versatile for various chemical transformations, including condensation, reduction, and cyclization reactions. Additionally, it may be employed in research and development for creating novel compounds with potential biological activities.