Used as an intermediate in the synthesis of various organic compounds, particularly in the pharmaceutical and agrochemical industries. It plays a role in the production of active pharmaceutical ingredients (APIs) and fine chemicals. The benzyloxy and aldehyde functional groups make it valuable for constructing complex molecules through reactions like oxidation, reduction, and coupling. Additionally, it is utilized in the development of fragrances and flavors due to its aromatic properties. Its versatility in chemical transformations makes it a key building block in research and industrial applications.