Used primarily as an intermediate in the synthesis of agricultural chemicals, particularly herbicides and plant growth regulators. It exhibits utility in modifying bioactive molecules due to the presence of both hydroxyl and amide functional groups, enabling further chemical derivatization. Its furan ring structure contributes to electron-rich characteristics, making it suitable for use in certain catalytic reactions and organic transformations. Also investigated for potential activity in crop protection formulations due to structural similarity to known bioactive furan derivatives.