Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the production of non-steroidal anti-inflammatory drugs (NSAIDs) and other bioactive molecules. Its structure supports the development of compounds with analgesic and antipyretic properties. Also employed in agrochemicals for creating herbicides and fungicides due to its reactivity and ability to form complex heterocyclic systems. Commonly utilized in research settings for constructing thiophene-based scaffolds in drug discovery programs.