Used in pharmaceutical research as a key intermediate in the synthesis of various biologically active compounds. It plays a crucial role in the development of drugs targeting neurological disorders, such as Alzheimer's disease, due to its structural similarity to bioactive molecules. Additionally, it is employed in the creation of inhibitors for specific enzymes, contributing to advancements in cancer therapy. Its aldehyde group allows for versatile chemical modifications, making it valuable in organic synthesis and medicinal chemistry.