This compound is primarily utilized in organic synthesis as a key intermediate for the development of various pharmacologically active molecules. Its structure, featuring a tetrahydrobenzo[b]thiophene core, makes it valuable in the design and synthesis of compounds with potential therapeutic applications. It is often employed in the preparation of heterocyclic compounds that exhibit biological activities, such as anti-inflammatory, antimicrobial, or anticancer properties. Additionally, its ester and amino functional groups allow for further chemical modifications, enabling the creation of diverse derivatives for drug discovery and development. Researchers also explore its use in material science for the synthesis of organic electronic materials due to its conjugated system.