Used in organic synthesis as a versatile intermediate for the production of various heterocyclic compounds. It plays a key role in the development of pharmaceuticals, particularly in the synthesis of furan-based drugs. Additionally, it is employed in the preparation of agrochemicals, such as pesticides and herbicides, due to its reactivity and ability to form complex structures. Its application extends to material science, where it is utilized in the creation of specialized polymers and coatings with unique properties.