This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of more complex molecules. Its structure, featuring both malonate and acetamido groups, makes it particularly valuable for constructing heterocyclic compounds, which are often found in pharmaceuticals and agrochemicals. Specifically, it is used in the synthesis of compounds with potential biological activity, such as inhibitors or modulators of enzymes and receptors. Additionally, its benzo[b]thiophene moiety is of interest in the development of materials with electronic or photonic properties, contributing to advancements in organic electronics.