Used in the synthesis of organic semiconductors and conjugated polymers for electronic devices such as organic field-effect transistors (OFETs) and organic photovoltaics (OPVs). The furan and phenyl ring system provides extended π-conjugation, enhancing charge transport properties. Also serves as a building block in medicinal chemistry for developing anti-inflammatory and antimicrobial agents due to its structural similarity to bioactive furan derivatives. Employed in coordination chemistry as a ligand for metal-organic frameworks (MOFs) with potential applications in gas storage and catalysis.