This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of more complex chemical structures. It is often employed in the development of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs) that require specific furan and aldehyde functionalities. Additionally, it finds application in material science, where it is used to create specialized polymers and coatings with unique properties. Its structure also makes it a candidate for research in the development of organic electronic materials, such as semiconductors or light-emitting diodes (LEDs). Furthermore, it can be used in the synthesis of agrochemicals, contributing to the creation of novel pesticides or herbicides.