This chemical is primarily utilized in organic synthesis as a versatile intermediate for the development of more complex molecules. It is often employed in the construction of heterocyclic compounds, which are crucial in pharmaceutical research for drug discovery. Its structure, featuring a cyclobutyl group and a furan ring, makes it a valuable building block for designing compounds with potential biological activity. Additionally, it can be used in materials science for the synthesis of polymers or specialty chemicals with unique properties. Its aldehyde functional group allows for further derivatization, enabling the creation of a wide range of derivatives for various industrial applications.