Used primarily in organic synthesis, this compound serves as a key intermediate in the production of pharmaceuticals, agrochemicals, and specialty chemicals. It is often employed in the synthesis of fine chemicals due to its reactive aldehyde group, which facilitates the formation of various derivatives. Additionally, it finds application in the development of fragrances and flavors, contributing to the creation of complex aromatic compounds. Its role in the synthesis of active pharmaceutical ingredients (APIs) is notable, particularly in the construction of molecules with specific biological activities.