This chemical is commonly used as a key intermediate in organic synthesis, particularly in the production of pharmaceuticals and fine chemicals. Its aldehyde group makes it a versatile building block for creating complex molecules, such as active pharmaceutical ingredients (APIs). It is also employed in the synthesis of heterocyclic compounds, which are essential in drug development. Additionally, it serves as a precursor in the preparation of polymers and specialty chemicals, contributing to materials with specific properties. Its application in research and industrial processes highlights its importance in advancing chemical innovation.