Widely used in organic synthesis as a key intermediate for the preparation of various heterocyclic compounds. It plays a significant role in the development of pharmaceuticals, particularly in the synthesis of potential drug candidates with antimicrobial, antiviral, or anticancer properties. Additionally, it is utilized in the production of agrochemicals, contributing to the creation of pesticides or herbicides. Its aldehyde and hydroxyl groups make it a versatile building block for constructing complex molecules in medicinal chemistry and material science research.