This chemical is primarily utilized in organic synthesis as a versatile intermediate. It plays a crucial role in the development of pharmaceuticals, particularly in the synthesis of compounds with potential therapeutic properties. Its structure, featuring both aldehyde and ester functional groups, makes it a valuable building block for constructing complex molecules, including heterocyclic compounds. Additionally, it is employed in the research and development of novel materials, such as organic semiconductors and dyes, due to its ability to participate in various chemical reactions, including condensation and cyclization processes. Its applications extend to the field of agrochemicals, where it contributes to the synthesis of active ingredients for crop protection products.