Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of bioactive molecules with antimicrobial and anti-inflammatory properties. Its aromatic and heterocyclic structure makes it valuable in medicinal chemistry for building more complex drug candidates. Also employed in the preparation of organic semiconductors and fluorescent dyes due to its electron-rich furan ring and favorable photophysical characteristics. Commonly utilized in research settings for constructing novel heterocyclic compounds through cross-coupling and electrophilic substitution reactions.