Used as an intermediate in the synthesis of pharmaceuticals and fine chemicals, particularly in the development of bioactive molecules and drug candidates. Its aldehyde and ether functional groups allow for versatile chemical transformations, making it valuable in constructing complex organic structures. Commonly employed in condensation reactions, such as Knoevenagel or Wittig, to form carbon-carbon double bonds for building aromatic frameworks. Also utilized in the preparation of fragrances and flavoring agents due to its aromatic character and structural features.