This compound is primarily used in organic synthesis as a key intermediate for the preparation of various pharmaceuticals and agrochemicals. It is particularly valuable in the development of nicotinamide derivatives, which play a role in the creation of drugs targeting neurological and metabolic disorders. Additionally, it serves as a building block in the synthesis of heterocyclic compounds, which are essential in the design of new therapeutic agents and crop protection chemicals. Its methoxy and aldehyde functional groups make it versatile for further chemical modifications, enabling the production of complex molecules with potential biological activity.