This compound is primarily utilized in the synthesis of pharmaceutical intermediates, particularly in the development of drugs targeting inflammatory and autoimmune diseases. Its structure allows it to act as a key building block in the creation of more complex molecules that exhibit therapeutic properties. Additionally, it is employed in organic chemistry research as a precursor for the preparation of various furan-based compounds, which are explored for their potential biological activities. Its application extends to material science, where it is investigated for the development of novel organic materials with specific electronic or optical properties.