Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of antifungal and anticancer agents. Its structure allows for easy functionalization, making it valuable in creating biologically active molecules. Commonly employed in heterocyclic chemistry to build complex thiophene-based compounds with potential use in medicinal and agrochemical research. Also utilized in the preparation of organic semiconductors due to the electron-withdrawing nature of the nitro and nitrile groups, enhancing electronic properties in materials science applications.