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Formaldehyde (HCHO) plays an important role in atmospheric photochemical reactions. Comparative studies between ground-based and satellite observations are necessary to assess and promote the potential use of column HCHO as a proxy for surface HCHO and volatile organic compound (VOC) oxidation. Previous studies have only validated temporal and vertical profile variations at one point, with limited studies comparing horizontal spatial variations due to sparse monitoring sites. The photochemistry-active Chinese Greater Bay Area (GBA) is a typical megacity cluster as well as a large hotspot of HCHO globally, which recorded a high incidence of ozone (O₃) pollution. Here, we conducted the first comparative study of ground-gridded (HCHO_gg) and satellite-derived (HCHO_sd) HCHO during typical O₃ episodes in the GBA. Our results revealed a good correlation between HCHO_gg and HCHO_sd, with a correlation coefficient higher than 0.5. Cloud coverage and ground pixel sizes were found to be the dominant factors affecting the quality of HCHO_sd and contributing to the varying satellite pixel density. Daily averages of HCHO_sd effectively improved the HCHO_sd accuracy, except in areas with low satellite pixel density. Furthermore, a new quality control procedure was established to improve HCHO_sd from Level 2 to Level 3, which demonstrated good application performance in O₃ sensitivity analysis. Our findings indicate that the correlation between satellite observations and surface air quality can be optimized by spatiotemporal averaging of hourly HCHO_sd, given the advent of geostationary satellites. Considering the representative range of sampling sites in this comparative study, we recommend establishing VOC monitoring stations within a 50 km radius in the GBA to further analyze and control photochemical pollution.