Used as a key intermediate in the synthesis of various pharmaceutical compounds, particularly in the development of drugs targeting central nervous system disorders. It plays a crucial role in the production of agrochemicals, including herbicides and insecticides, due to its reactivity and ability to form stable derivatives. Additionally, it is utilized in organic research for constructing complex heterocyclic structures, which are essential in medicinal chemistry and material science. Its aldehyde group makes it a versatile building block for further chemical modifications.