This chemical is primarily used in the synthesis of various organic compounds, particularly in the development of pharmaceuticals and agrochemicals. It serves as a key intermediate in the production of furan derivatives, which are known for their biological activities. Additionally, it is utilized in the preparation of flavoring agents and fragrances due to its unique aromatic properties. In research, it is often employed in studies related to heterocyclic chemistry, aiding in the exploration of new reactions and pathways. Its role in the creation of complex molecules makes it valuable in both industrial and academic settings.