Used as a key intermediate in the synthesis of pharmaceuticals and bioactive compounds, particularly in the development of antidiabetic and antimicrobial agents. Its structure allows for easy functionalization, making it valuable in medicinal chemistry for building more complex molecules. It also serves as a building block in the preparation of furan-based polymers and organic materials with potential applications in optoelectronics. Additionally, it has been explored in green chemistry as a derivative of biomass-based platform chemicals for sustainable chemical production.