Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of anti-inflammatory and analgesic agents. Its structure allows for easy modification in multi-step reactions, making it valuable in creating active pharmaceutical ingredients (APIs). Commonly employed in research settings to build complex molecules with enhanced biological activity. Also utilized in the preparation of heterocyclic compounds due to the presence of the thiophene ring, which is known for its role in improving metabolic stability and bioavailability in drug candidates.