This chemical is primarily utilized in organic synthesis, particularly as a building block for the creation of complex molecules. It is often employed in the development of pharmaceuticals due to its pyrrole ring structure, which is a common motif in many bioactive compounds. Additionally, it serves as a precursor in the synthesis of porphyrins, which are essential in the study of biomimetic chemistry and the development of materials for light-harvesting applications. Its formyl and carboxylic acid functional groups make it a versatile intermediate for further chemical modifications, enabling its use in the production of dyes, pigments, and other specialized organic compounds.