Used in organic synthesis as a key intermediate for the development of various pharmaceuticals and bioactive compounds. It plays a role in the creation of antifungal, antibacterial, and anti-inflammatory agents. The compound is also utilized in the preparation of heterocyclic compounds, which are important in medicinal chemistry for drug discovery. Additionally, it serves as a building block in the synthesis of complex molecules for research in chemical biology and material science. Its aldehyde group makes it a versatile reagent for coupling reactions and further functionalization.