Used in the synthesis of organic compounds, particularly in the development of pharmaceuticals and agrochemicals. It serves as a key intermediate in the production of furan-based derivatives, which are explored for their potential biological activities, including antimicrobial and anti-inflammatory properties. Additionally, it is utilized in material science for creating specialized polymers and coatings, where its unique structure enhances performance characteristics. Its role in organic synthesis also extends to the development of fluorescent dyes and sensors, leveraging its aromatic and aldehyde functionalities.