Used in the synthesis of pharmaceuticals and fine chemicals, particularly as an intermediate in the production of active pharmaceutical ingredients (APIs) requiring aromatic aldehyde functionalities. Its structure supports carbon-carbon bond formation through reactions like Grignard additions or reductive amination, making it valuable in building complex organic molecules. Also employed in fragrance formulations due to its aromatic character, contributing to the development of perfumes and scented products. Serves as a building block in organic research for developing novel compounds with potential biological activity.