Used in the synthesis of pharmaceuticals and agrochemicals due to its reactive aldehyde group and fused heterocyclic structure. It serves as an intermediate in the preparation of bioactive molecules, including potential antifungal, anti-inflammatory, and anticancer agents. Its aromatic and polar characteristics make it suitable for use in organic transformations such as condensation reactions, reductions, and cyclizations. Also employed in the development of fluorescent dyes and optoelectronic materials owing to its conjugated system. Commonly utilized in research settings for building more complex furan-containing compounds with tailored biological or physical properties.