Used in the synthesis of pharmaceuticals, particularly as an intermediate in the production of drugs such as anticoagulants and anti-inflammatory agents. It serves as a building block in organic synthesis for creating complex molecules due to its reactive aldehyde and hydroxyl functional groups. Employed in the preparation of fragrances and flavoring agents, contributing to floral and sweet aromatic profiles. Applied in the development of agrochemicals, including certain pesticides and plant growth regulators. Also utilized in research for the preparation of fluorescent dyes and sensors due to its ability to form derivatives with light-emitting properties.