Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure is particularly valuable in constructing complex molecules due to the presence of both a carboxylic acid group and a dihydrofuran ring. In pharmaceutical research, it is often utilized to develop compounds with potential therapeutic effects, such as anti-inflammatory or antimicrobial agents. Additionally, it finds application in the synthesis of fine chemicals and specialty materials, where its reactivity and functional groups enable the creation of tailored substances for specific industrial needs.