Used as a key intermediate in organic synthesis, particularly in the development of pharmaceuticals and agrochemicals. Its structure allows for further functionalization, making it valuable in constructing complex molecules. The bromine atom serves as a handle for cross-coupling reactions, such as Suzuki or Heck reactions, enabling the formation of carbon-carbon bonds. It is also employed in the synthesis of heterocyclic compounds with potential biological activity, including antimicrobial and anti-inflammatory agents. Its furan ring system contributes to electronic properties useful in certain specialty materials and research applications.