Used primarily in organic synthesis, it serves as a key intermediate in the production of pharmaceuticals, particularly in the development of anti-inflammatory and analgesic drugs. Its thiophene ring structure is valuable in creating compounds with potential therapeutic effects. Additionally, it is employed in the synthesis of agrochemicals, contributing to the development of pesticides and herbicides. Its versatility also extends to material science, where it is utilized in the creation of organic semiconductors and conductive polymers, enhancing electronic device performance.