Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of antifungal and antibacterial agents. Its structure supports the design of bioactive molecules due to the presence of amide and furan functionalities, which are known to enhance binding to biological targets. Also employed in agrochemical research for creating novel pesticides with improved efficacy and selectivity. Additionally, it serves as a building block in heterocyclic chemistry for constructing complex organic frameworks in medicinal chemistry research.