Used in the synthesis of pharmaceutical intermediates, particularly in the development of drugs targeting neurological disorders. It serves as a key building block in the preparation of compounds with potential therapeutic effects. Also employed in organic chemistry research for the creation of complex molecules through various reactions like condensation and cyclization. Its aldehyde group makes it a versatile reagent in the production of heterocyclic compounds, which are crucial in medicinal chemistry. Additionally, it finds application in the study of enzyme inhibition and receptor binding activities.