Used as a key intermediate in the synthesis of biologically active compounds, particularly in pharmaceuticals targeting central nervous system disorders and anti-inflammatory agents. Its structure allows for easy functionalization, making it valuable in building heterocyclic scaffolds for drug discovery. Commonly employed in the preparation of thiophene-based derivatives that exhibit kinase inhibition or antimicrobial properties. Also utilized in agrochemical research for developing novel pesticides due to its reactivity and stability in various coupling reactions.