- faraway (adj)
An adjective is used to modify a noun. Thus, faraway can be used as in this example:
The princess was living in a faraway land
It's no different than any other adjective.
The princess was living in a poor/rich/beautiful land
As for
far away, it's in essence pretty much like
away, modified with
far. You can use it the same way as you would use
away
He sent his son away
He sent his son far away
That I love you
I have loved you all along
And I miss you
Been far away for far too long
I hope this helps 