Used in organic synthesis as an intermediate for pharmaceuticals and agrochemicals. Serves as a building block in the development of bioactive compounds due to its aromatic and heterocyclic structure. Employed in research for creating novel furan-based materials with potential applications in optoelectronics. Also utilized in the preparation of ligands for catalytic reactions. Its methoxyphenyl group enhances electron-donating properties, making it valuable in designing sensors and fluorescent probes.