Widely used in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds between aromatic systems. Its aldehyde and boronate functional groups allow for sequential or selective transformations, making it valuable in the preparation of complex molecules such as pharmaceuticals, agrochemicals, and conjugated materials for optoelectronics. The compound serves as a versatile building block in medicinal chemistry due to its ability to introduce furan rings into larger frameworks, which are often associated with bioactive properties. It is also employed in the synthesis of fluorescent dyes and organic semiconductors owing to the electron-rich nature of the furan moiety.