Used primarily as an intermediate in organic synthesis, especially in the production of pharmaceuticals and agrochemicals. It serves as a building block in the development of more complex heterocyclic compounds due to its reactive furan ring and conjugated phenyl group. Commonly employed in research settings for constructing polycyclic aromatic systems and natural product analogs. Also finds use in the synthesis of flavor and fragrance compounds, where its aromatic character contributes to sweet, floral, or fruity notes. Its photophysical properties make it suitable for studies in fluorescent dyes and materials science applications.