Used in organic synthesis as an intermediate for the development of pharmaceuticals and bioactive compounds. It plays a role in the preparation of furan-based molecules, which are studied for their potential therapeutic properties, including anti-inflammatory and anticancer activities. Additionally, it is utilized in the synthesis of advanced materials and polymers, where its furan and benzamide groups contribute to unique chemical properties. Researchers also explore its application in creating fluorescent probes and sensors due to its structural features.