Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the production of certain antihypertensive drugs and fungicides. It serves as a building block in organic reactions due to the reactivity of both the hydroxyl and thiophene groups, enabling the formation of esters, ethers, and other functionalized derivatives. Also employed in the development of conductive polymers and organic semiconductors, where thiophene-based structures contribute to electron delocalization and material stability. Its versatility makes it valuable in research and industrial settings for creating complex molecules with targeted biological or electronic properties.