This chemical is primarily utilized in the synthesis of pharmaceutical compounds, where it serves as a key intermediate in the development of drugs targeting various therapeutic areas. Its structural features make it valuable in the creation of molecules with potential anti-inflammatory, analgesic, or antimicrobial properties. Additionally, it is employed in organic synthesis for constructing complex aromatic aldehydes, which are further modified to produce agrochemicals or specialty chemicals. Its unique combination of functional groups allows for versatile reactivity, making it a useful building block in medicinal chemistry and industrial applications.