This compound is primarily utilized in organic synthesis as a key intermediate for the production of various pharmaceuticals and agrochemicals. Its structure is particularly valuable in the development of complex molecules due to the presence of the methoxy group, which can influence reactivity and selectivity in chemical reactions. Additionally, it is used in the synthesis of natural product analogs and bioactive compounds, where its furanone core plays a crucial role in mimicking biologically active structures. Researchers also employ it in the study of heterocyclic chemistry to explore novel reaction pathways and develop new methodologies for constructing diverse chemical entities.