What is the best method for securely attaching furring strips to a wall in order to hang a pegboard for organizing tools and equipment?

The best method for securely attaching furring strips to a wall to hang a pegboard for organizing tools and equipment is to use wall anchors or screws that are long enough to reach the wall studs. This will provide a strong and stable foundation for the pegboard. Make sure to use a level to ensure the furring strips are straight before attaching the pegboard.