Used as a key intermediate in the synthesis of biologically active compounds, particularly in the development of pharmaceuticals with potential anti-inflammatory, antimicrobial, and anticancer properties. Its structure supports the construction of heterocyclic systems common in drug design. Also employed in agrochemicals for creating novel pesticides and herbicides due to its stability and reactivity. Serves as a building block in organic synthesis, enabling the formation of complex thiophene derivatives for use in materials science, including semiconductors and dyes.