Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of antiviral and anticancer agents. Its furan ring and hydroxymethyl group allow for versatile functionalization, enabling the formation of esters, ethers, and other derivatives important in medicinal chemistry. The cyclopropyl group enhances metabolic stability and binding affinity in bioactive molecules, making this compound valuable in optimizing drug candidates. It is also employed in the preparation of agrochemicals and functional materials due to its unique structural features.