It is primarily used in the synthesis of various pharmaceutical compounds, particularly in the development of antiviral and anticancer drugs. The compound serves as a key intermediate in creating molecules that target specific enzymes or proteins involved in disease progression. Additionally, it is employed in organic chemistry research for constructing complex heterocyclic structures, which are valuable in drug discovery and material science. Its aldehyde group allows for versatile chemical modifications, making it a useful building block in designing biologically active molecules.