Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its reactive formyl and nitrile groups make it valuable for constructing complex molecules, particularly in the development of active pharmaceutical ingredients (APIs). Additionally, it is employed in the synthesis of dyes and pigments due to its ability to form stable, colored compounds. Its versatility in chemical reactions, such as condensation and cyclization, makes it a useful building block in research and industrial applications.