This compound is primarily utilized in organic synthesis as a versatile building block for the creation of complex molecules. It serves as a key intermediate in the production of pharmaceuticals, particularly in the development of drugs targeting various diseases. Its reactive aldehyde group allows for easy modification, making it valuable in constructing heterocyclic compounds, which are often found in medicinal chemistry. Additionally, it is employed in the synthesis of natural products and bioactive molecules, contributing to research in drug discovery and development. Its applications also extend to material science, where it is used in the preparation of advanced polymers and functional materials.