Used as a key intermediate in the synthesis of pharmaceuticals and fine chemicals, particularly in the development of antidiabetic and antiviral agents. It serves as a building block for heterocyclic compounds due to its reactive hydroxymethyl and carboxylic acid functional groups. Also explored in polymer chemistry for creating bio-based resins and sustainable materials. Shows potential in electrochemical applications as a precursor for carbon materials and sensors. Investigated for use in organic batteries and as a platform chemical in biomass conversion processes.