This compound is primarily utilized in organic synthesis as a versatile intermediate for the preparation of more complex chemical structures. It is often employed in the development of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs) that target various diseases. Its aldehyde functional group makes it a valuable building block for constructing heterocyclic compounds, which are common in drug discovery. Additionally, it is used in the synthesis of agrochemicals, contributing to the development of pesticides and herbicides. Its role in coordination chemistry is also notable, where it acts as a ligand in the formation of metal complexes for catalytic applications.