Used in organic synthesis as a key intermediate for the production of various pharmaceuticals and agrochemicals. It serves as a building block in the creation of complex molecules, particularly in the development of drugs targeting neurological disorders and infections. Its methoxy and aldehyde functional groups make it versatile for reactions like condensation, reduction, and cyclization, enabling the synthesis of heterocyclic compounds. Additionally, it is employed in the preparation of ligands for catalytic processes and in the study of biochemical pathways.