Used in organic synthesis as a building block for creating complex molecules, particularly in the development of pharmaceuticals and agrochemicals. It serves as a precursor in the synthesis of heterocyclic compounds, which are valuable in medicinal chemistry for their biological activity. Also employed in the production of dyes and pigments due to its ability to form stable, colored complexes. In material science, it is utilized in the design of organic electronic materials and sensors, leveraging its unique structural and electronic properties. Its reactive aldehyde groups make it a versatile intermediate in various chemical reactions.