Used as a key intermediate in the synthesis of pharmaceuticals and biologically active compounds. Its structure allows for further functionalization in heterocyclic chemistry, particularly in the development of furan-containing derivatives with potential antimicrobial or anti-inflammatory properties. Commonly employed in organic synthesis to build complex molecules through nucleophilic substitution or cyclization reactions. Also utilized in the preparation of chalcone analogs, which are studied for their anticancer and antioxidant activities.