This compound is primarily utilized in the synthesis of advanced organic materials and pharmaceutical intermediates. Its structure, featuring both formyl and ester functional groups, makes it a versatile building block in organic chemistry. It is often employed in the development of liquid crystal materials, which are essential for display technologies like LCDs. Additionally, it serves as a key precursor in the production of biologically active molecules, particularly in the creation of fluorinated compounds that exhibit enhanced stability and bioavailability. Its application extends to agrochemical research, where it is used to develop new pesticides and herbicides with improved efficacy.