Used as an intermediate in organic synthesis, particularly in the pharmaceutical and agrochemical industries. It serves as a building block for bioactive molecules due to the presence of both hydroxyl and thiophene groups, which enhance reactivity and molecular diversity. Commonly employed in the preparation of drugs targeting central nervous system disorders and antimicrobial agents. Also utilized in the development of functional materials and ligands for catalysis. Its structural features make it valuable in medicinal chemistry for structure-activity relationship studies.