Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) with anti-inflammatory, antiviral, and anticancer properties. Its aldehyde functional group allows for easy modification, making it valuable in constructing heterocyclic compounds. Commonly employed in agrochemical research for designing new pesticides and herbicides due to its favorable reactivity and stability. Also utilized in materials science for creating specialty organic semiconductors and fluorescent dyes.