Used in the synthesis of advanced materials, particularly in the development of organic semiconductors and conductive polymers. It serves as a key intermediate in the production of optoelectronic devices, including organic light-emitting diodes (OLEDs) and solar cells. Its furan and ester functional groups make it suitable for creating π-conjugated systems, enhancing charge transport properties. Additionally, it is employed in the design of metal-organic frameworks (MOFs) for gas storage and separation applications. Its versatility also extends to the field of organic synthesis, where it is utilized in the preparation of complex molecules for pharmaceutical and agrochemical research.