Used primarily as an intermediate in organic synthesis, this compound plays a key role in the production of pharmaceuticals and agrochemicals. Its reactive aldehyde group and ether functionality make it suitable for constructing complex molecules through condensation and cyclization reactions. It is also employed in the synthesis of heterocyclic compounds, which are common structural motifs in bioactive molecules. Due to its volatility and reactivity, it is typically handled in situ or as a stabilized solution to facilitate safe use in multi-step synthetic routes.