Used as a key intermediate in the synthesis of flavonoids and chalcone derivatives, which exhibit biological activities such as antioxidant, anti-inflammatory, and anticancer properties. It serves as a building block in pharmaceutical research for developing new therapeutic agents. Its α,β-unsaturated carbonyl structure allows participation in Michael addition and cycloaddition reactions, making it valuable in organic synthesis. Also employed in the preparation of heterocyclic compounds and functionalized furans for use in medicinal chemistry and materials science.