Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals due to the presence of reactive functional groups – the nitrile and bromo substituents enable cross-coupling reactions. Commonly employed in Suzuki and Heck reactions to build biaryl structures found in bioactive molecules. Also utilized in the development of organic semiconductors and fluorescent dyes, where the furan ring contributes to electron-rich character and enhances conjugation in π-systems. Its structural rigidity and polarity make it suitable for research in material science, particularly in designing sensors and optoelectronic materials.