Used as an intermediate in the synthesis of heterocyclic compounds, particularly in the preparation of pyrimidine derivatives which are important in pharmaceuticals and agrochemicals. It serves as a building block in the production of dyes and fluorescent agents due to its reactive aldehyde and amino functional groups. Also employed in the development of specialty polymers and photoactive materials where controlled molecular structure is required. Its acetal group provides stability during reactions, making it valuable in multi-step organic syntheses.