This compound is primarily used in organic synthesis as an intermediate for the production of more complex chemical structures. It is particularly valuable in the pharmaceutical industry, where it serves as a building block for the development of active pharmaceutical ingredients (APIs). The presence of both the ester and furan groups makes it a versatile reagent for constructing heterocyclic compounds, which are often found in drugs targeting various diseases. Additionally, its reactive carbonyl chloride group allows it to participate in acylation reactions, making it useful in the synthesis of amides and other derivatives. In material science, it can be employed to create specialized polymers or coatings with unique properties due to its aromatic and functional group characteristics. Its applications are largely driven by its ability to introduce specific functional groups into target molecules, enabling the design of tailored chemical entities for research and industrial purposes.