Used in pharmaceutical research as an intermediate for synthesizing biologically active compounds, particularly in the development of drugs targeting central nervous system disorders. Its structure supports the creation of novel heterocyclic compounds with potential anticonvulsant and neuroprotective properties. Also employed in the preparation of organic semiconductors due to the presence of the thiophene moiety, which enhances electron delocalization and improves conductivity in conjugated systems. Commonly utilized in medicinal chemistry for structure-activity relationship (SAR) studies involving nicotinate derivatives.