This compound is primarily utilized in organic synthesis as a versatile intermediate. It serves as a key building block in the development of pharmaceuticals, particularly in the synthesis of bioactive molecules and drug candidates. Its furan and aldehyde functional groups make it suitable for various chemical reactions, including cyclizations and condensations, enabling the creation of complex heterocyclic structures. Additionally, it finds application in the production of agrochemicals, where it contributes to the development of compounds with pesticidal or herbicidal properties. Its unique structure also makes it valuable in material science for designing novel polymers or functional materials with specific properties.