Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of anti-inflammatory and antimicrobial agents. Its structure supports the creation of complex organic molecules due to the presence of both aldehyde and hydroxyl functional groups, which are reactive sites for further chemical modifications. Commonly employed in the preparation of trifluoromethyl-containing bioactive compounds, which often exhibit enhanced metabolic stability and membrane permeability. Also utilized in agrochemical research for developing new crop protection agents.