This compound is primarily utilized in organic synthesis as a key intermediate for the development of more complex chemical structures. It is often employed in the pharmaceutical industry for the synthesis of biologically active molecules, particularly those targeting specific therapeutic areas. Its difluorophenyl and furan moieties make it a valuable building block in the creation of compounds with potential anti-inflammatory, antimicrobial, or anticancer properties. Additionally, it is used in materials science for the development of advanced organic materials, such as polymers or sensors, due to its unique electronic and structural properties. Its role in cross-coupling reactions and as a precursor for heterocyclic compounds further highlights its versatility in chemical research and industrial applications.