This chemical is primarily utilized in organic synthesis as a key intermediate for the development of various heterocyclic compounds. Its structure, featuring both a furan ring and a nitro group, makes it valuable in the synthesis of pharmaceuticals, particularly in the creation of potential drug candidates with antimicrobial or anticancer properties. Additionally, it is employed in the preparation of dyes and pigments due to its ability to form complex structures with distinct color properties. Researchers also explore its use in material science for designing functional materials with specific electronic or optical characteristics.