This chemical is primarily utilized in organic synthesis as a versatile intermediate. It serves as a key building block in the production of various pharmaceutical compounds, particularly those involving furan-based structures. Its reactive chloromethyl group allows for further functionalization, making it valuable in the development of active pharmaceutical ingredients (APIs). Additionally, it is employed in the synthesis of agrochemicals, where its furan ring contributes to the creation of compounds with pesticidal or herbicidal properties. In material science, it is used to modify polymers or create specialized coatings, leveraging its ability to introduce furan moieties into larger molecular frameworks. Its applications also extend to research and development, where it is used to explore new chemical reactions and pathways in synthetic chemistry.