Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and agrochemicals. Its structure allows for further functionalization, making it valuable in constructing heterocyclic compounds. Commonly employed in cross-coupling reactions, such as Suzuki or Heck reactions, to form carbon-carbon bonds. Also utilized in the development of bioactive molecules due to the furan ring’s presence, which is often found in medicinal agents. Shows potential in research for antimicrobial and antifungal compound development.