Renewable agricultural biomass derived chemicals, their modifications and uses have seen multiplicity in numerous applications and important processes with major impacts on the pursuit for eco-sustainability. Such applications range include the energy sector, chemistry, pharmacy, the textile industry, paints and coatings, plastic industry, to name but a few. This field of lignocellulosic derived chemicals interconnects several scientific disciplines ranging from agriculture, biochemistry, engineering, environmental sciences, forestry, pharmacy, medicine, etc. hence making it difficult to have a single expert view on these complicated interactions. Therefore, the idea to create a focused review, specifically, on FA (an important furanic compound) is the main objective of this article. FA and its resultant derivatives exhibits an array of capabilities and fascinating properties in various fields of applications. As a compound or with co-reactants, it finds interesting applications as base and/or intermediate chemical compound, hypergolic rocket fuels, in flame resistant composites and coatings used in aerospace, auto, and the built environment; it also finds application as mortars, cementitious grouts, impregnating materials, and sealants due to its exceptional resistance to common corrosive chemicals such as acids, alkalis and other solvents when it is cross-linked. Coupled with its environmental and economic benefits FA has proved to be a remarkable eco-sustainable bio-derived compound.