Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of thiophene-based active pharmaceutical ingredients (APIs). Its structure supports the construction of heterocyclic systems common in drug design, especially for agents targeting inflammatory and central nervous system disorders. The compound's ester and carbamate functionalities allow for selective transformations, making it valuable in multi-step organic syntheses. It is also employed in research settings to prepare analogs for structure-activity relationship (SAR) studies.