This chemical is primarily utilized as a key intermediate in organic synthesis, particularly in the development of pharmaceuticals and agrochemicals. Its structure makes it valuable for constructing complex molecules, often serving as a precursor in the synthesis of biologically active compounds. It is also employed in the creation of pyrazole derivatives, which are known for their applications in medicinal chemistry, including potential use as anti-inflammatory, antimicrobial, or anticancer agents. Additionally, its aldehyde functional group allows for further chemical modifications, making it a versatile building block in research and industrial processes.