Used in organic synthesis as a building block for more complex molecules, particularly in the development of pharmaceuticals and agrochemicals. It serves as a precursor in the production of heterocyclic compounds, which are essential in drug discovery and development. Its thiophene ring structure is valuable in creating compounds with potential biological activity, such as anti-inflammatory, antimicrobial, or anticancer agents. Additionally, it finds application in material science for the synthesis of organic electronic materials, including conductive polymers and organic semiconductors.