Used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and fine chemicals. Its structure allows for functional group transformations, making it valuable in building complex molecules. Commonly employed in the synthesis of active pharmaceutical ingredients (APIs) where a tetrahydrofuran ring is part of the target molecule. Also utilized in the preparation of chiral compounds due to the potential for stereoselective reactions. Serves as a building block in the development of agrochemicals and specialty polymers.