Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of certain anticoagulant and anti-inflammatory drugs. Its functional groups—aldehyde, hydroxyl, and nitrile—allow for selective chemical modifications, enabling the construction of complex molecular structures. Commonly employed in multi-step organic syntheses where chemoselective reactions are required. Also utilized in the development of agrochemicals and specialty organic compounds due to its reactivity and structural features.