Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of antidiabetic and antihypertensive drugs. It serves as a building block in agrochemicals for creating herbicides and insecticides due to its reactive nitrile and halogen groups. Also employed in the production of organic semiconductors and electronic materials, where its thiophene core contributes to charge transport properties. Its versatility in cross-coupling reactions makes it valuable in medicinal chemistry for constructing complex heterocyclic systems.