Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of nitrogen-containing heterocyclic compounds. Its aldehyde and hydroxyl functional groups allow for versatile chemical modifications, making it valuable in creating bioactive molecules. Commonly employed in the preparation of antihypertensive agents and vasodilators due to its structural similarity to known cardiovascular drugs. Also utilized in agrochemical research for designing novel pesticides and herbicides. Its reactivity supports use in condensation reactions, cyclizations, and coordination with metal ions for catalytic applications.