Used as a key intermediate in the synthesis of agrochemicals and pharmaceuticals, particularly in the development of herbicides and plant growth regulators. Its aldehyde functional group allows for easy modification in organic synthesis, enabling the formation of complex heterocyclic compounds. It is also employed in the preparation of chiral ligands for catalytic asymmetric reactions, which are important in producing enantiomerically pure compounds. Additionally, it finds use in research laboratories for developing novel bioactive molecules due to its structural features that enhance binding selectivity in biological systems.