Used in organic synthesis as a building block for creating more complex molecules, particularly in the development of pharmaceuticals and agrochemicals. It serves as a precursor in the production of furan derivatives, which are valuable in drug discovery and material science. Its conjugated system makes it useful in the design of compounds with potential biological activity, such as antimicrobial or anti-inflammatory agents. Additionally, it can be employed in the synthesis of polymers and coatings, where its furan ring contributes to unique material properties.