This compound is primarily utilized in the synthesis of various pharmaceutical agents, particularly in the development of drugs targeting cardiovascular and neurological disorders. Its structure, featuring a thienyl group, makes it a valuable intermediate in the production of compounds with potential anti-inflammatory and analgesic properties. Additionally, it serves as a key building block in organic synthesis, enabling the creation of complex molecules for research and industrial applications. Its ester functional group allows for further chemical modifications, making it versatile in medicinal chemistry and drug discovery processes.