Used as a key intermediate in the synthesis of agrochemicals and pharmaceuticals, particularly in the development of fungicides and plant growth regulators. Its structure allows for easy functionalization, making it valuable in creating active ingredients that target specific biological pathways in crops. Also employed in research for developing novel coordination compounds with transition metals, useful in catalysis and material science. Its aldehyde group enables Schiff base formation, which is exploited in the design of ligands and bioactive molecules.