Widely used in organic synthesis as a key intermediate for the production of various pharmaceuticals and agrochemicals. It serves as a precursor in the synthesis of active pharmaceutical ingredients (APIs) due to its reactive formyl and ester functional groups. In agrochemical research, it is utilized to develop herbicides and fungicides, contributing to crop protection. Additionally, it finds application in the preparation of specialty chemicals and dyes, where its structure allows for further functionalization and modification. Its versatility makes it valuable in research and industrial processes for creating complex molecules.