Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and agrochemicals. Its functional groups allow for derivatization into esters, amides, and other furan-based compounds that are valuable in drug development. Commonly employed in the synthesis of bioactive molecules due to the furan ring’s presence in many medicinal compounds. Also utilized in the development of specialty polymers and as a building block in heterocyclic chemistry for creating complex molecular structures.