This compound is primarily utilized in organic synthesis as a key intermediate for the production of various heterocyclic compounds. Its structure, featuring both aldehyde and hydroxyl groups, makes it valuable for constructing complex molecules, particularly in the development of pharmaceuticals and agrochemicals. It is often employed in the synthesis of pyrimidine derivatives, which are essential in creating drugs with antiviral, antibacterial, or anticancer properties. Additionally, its reactive sites allow for further functionalization, enabling the design of novel compounds with tailored biological activities. Researchers also explore its potential in material science for developing advanced polymers or coatings with specific chemical properties.