This compound is primarily used in organic synthesis as an intermediate for the development of more complex molecules. Its structure, featuring both a formyl group and an ester functionality, makes it a versatile building block in the synthesis of pharmaceuticals, agrochemicals, and heterocyclic compounds. Specifically, it is employed in the preparation of thiophene derivatives, which are known for their biological activities, including antimicrobial, anti-inflammatory, and anticancer properties. Additionally, it serves as a precursor in the synthesis of organic materials and dyes, where the thiophene ring contributes to the electronic properties of the final product.