This chemical is primarily used in organic synthesis as a key intermediate for the development of more complex molecules. It is particularly valuable in the pharmaceutical industry, where it serves as a building block for the synthesis of active pharmaceutical ingredients (APIs) and drug candidates. Its structure, featuring both an aldehyde and an ester functional group, allows for versatile chemical transformations, making it useful in the creation of various heterocyclic compounds. Additionally, it finds application in material science for the development of organic electronic materials, such as those used in organic light-emitting diodes (OLEDs) or conductive polymers. Its role in research and development is significant, especially in the design of novel compounds with potential therapeutic or technological applications.