Used in organic synthesis as a key intermediate for the preparation of various pharmaceuticals and agrochemicals. It serves as a precursor in the development of nicotinamide derivatives, which are important in the synthesis of vitamins and coenzymes. Additionally, it is employed in the production of heterocyclic compounds that have potential applications in medicinal chemistry, particularly in the design of drugs targeting metabolic disorders and neurodegenerative diseases. Its reactive formyl group allows for further functionalization, making it a versatile building block in chemical research and industrial applications.