Used in organic synthesis as a versatile intermediate for the preparation of various furan-based compounds. It is particularly valuable in the development of pharmaceuticals, where it serves as a building block for active pharmaceutical ingredients (APIs). Additionally, it finds application in the synthesis of agrochemicals, contributing to the production of herbicides and pesticides. Its reactive bromomethyl group allows for further functionalization, making it useful in material science for creating specialized polymers and coatings. The compound is also employed in research for developing novel heterocyclic compounds with potential biological activity.