Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals. It is particularly valuable in the development of antiviral and anticancer agents due to its reactive aldehyde and chloro groups, which facilitate further chemical modifications. Additionally, it plays a role in the synthesis of complex heterocyclic compounds, which are essential in medicinal chemistry for designing drugs with specific biological activities. Its applications also extend to research laboratories, where it is utilized in the study of reaction mechanisms and the development of novel synthetic pathways.