Used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. It plays a role in the development of active pharmaceutical ingredients (APIs) by serving as a building block for more complex molecules. Its furan ring and carboxylic acid group make it valuable for creating compounds with specific biological activities. Additionally, the tert-butoxycarbonyl (Boc) protecting group allows for controlled reactions in multi-step synthetic processes, ensuring precision in drug development.