Used in the synthesis of pharmaceutical intermediates, particularly in the development of heterocyclic compounds with biological activity. Serves as a building block in organic synthesis due to the presence of both nitrile and carboxylic acid functional groups, enabling diverse chemical transformations. The compound is also employed in the preparation of agrochemicals and functional materials where furan-based scaffolds are required. Its reactivity allows for use in cross-coupling reactions, cyclizations, and derivatization to produce lactones, amides, and esters for research and industrial applications.