Used as an intermediate in organic synthesis, particularly in the development of pharmaceuticals and agrochemicals. Its nitro and ketone functional groups allow for diverse chemical transformations, such as reduction of the nitro group to an amine for further derivatization. Commonly employed in the preparation of heterocyclic compounds and conjugated systems for materials science applications. Also explored in the synthesis of biologically active molecules due to the thiophene ring's prevalence in medicinal chemistry.