Used as a key intermediate in the production of biofuels and biobased chemicals. It serves in the synthesis of fuels like 2-methylfuran and 2,5-dimethylfuran, which have high octane numbers and potential as renewable gasoline substitutes. Also employed in the preparation of polymers, resins, and fine chemicals due to its reactive aldehyde and furan groups. Its derivatives are explored in pharmaceuticals and agrochemicals. Gaining interest in sustainable chemistry for converting biomass into value-added products.