Used as an intermediate in the synthesis of pharmaceuticals and biologically active compounds, particularly in the development of pyrrole-based drug candidates. Its aldehyde and nitrile functional groups allow for diverse chemical modifications, making it valuable in medicinal chemistry for building complex heterocyclic systems. Commonly employed in condensation and cyclization reactions to form fused ring structures with potential antitumor, anti-inflammatory, or antimicrobial activity. Also utilized in the preparation of fluorescent dyes and optoelectronic materials due to the extended conjugation achievable through derivatization.