Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of bioactive molecules with furan ring systems. Its acrylate functionality allows for Michael addition reactions and cross-coupling transformations, making it valuable in constructing complex organic frameworks. Commonly employed in medicinal chemistry for building blocks in kinase inhibitors and antitumor agents. Also utilized in the preparation of functionalized heterocyclic compounds for research in organic electronics and materials science.