This compound is primarily utilized in the synthesis of pharmaceuticals and agrochemicals due to its versatile reactivity. Its aldehyde and ester functional groups make it a valuable intermediate in organic synthesis, particularly in the production of complex molecules. It is often employed in the development of active pharmaceutical ingredients (APIs) for drugs targeting various diseases, including cancer and infections. In agrochemical research, it serves as a building block for creating herbicides, fungicides, and insecticides. Additionally, its structure is useful in coordination chemistry for designing ligands in catalytic systems. Its applications extend to material science, where it contributes to the development of advanced polymers and coatings.