This compound is primarily utilized in organic synthesis as a key intermediate for the preparation of various pharmaceuticals and bioactive molecules. Its structure, featuring both a formyl group and a carboxylic acid, makes it a versatile building block for constructing complex chemical entities. It is often employed in the development of furan-based compounds, which are known for their potential therapeutic properties, including anti-inflammatory, antimicrobial, and anticancer activities. Additionally, it serves as a precursor in the synthesis of advanced materials, such as polymers and coordination complexes, due to its ability to participate in diverse chemical reactions, including condensation and coordination chemistry. Its applications also extend to the field of organic electronics, where it can be used to design functional materials for optoelectronic devices.