Methyl benzothiophene-3-carboxylate finds application in organic synthesis as a key intermediate for the production of various heterocyclic compounds. It is particularly useful in the development of pharmaceuticals, where it serves as a building block for creating molecules with potential biological activity. Additionally, it is employed in the synthesis of agrochemicals, contributing to the creation of pesticides and herbicides. The compound is also utilized in material science for the development of organic semiconductors and other advanced materials. Its versatility in chemical reactions makes it a valuable component in research and industrial applications.