Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of bioactive molecules with furan ring systems. Its bromo and ester functionalities allow for further chemical modifications, making it valuable in cross-coupling reactions such as Suzuki or Heck reactions. Commonly employed in research settings to build complex heterocyclic compounds for drug discovery and in the preparation of fungicides and insecticides due to the biological activity associated with substituted furans.