Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) where furan derivatives exhibit biological activity. It serves as a building block in organic synthesis due to the reactivity of the ester and furan ring, enabling transformations such as reductions, cross-couplings, and cyclizations. Commonly employed in the preparation of agrochemicals and flavor & fragrance compounds, thanks to its aromatic character and ability to undergo selective modifications. Its structure allows for easy functionalization, making it valuable in medicinal chemistry research for generating compound libraries in drug discovery programs.