This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals. Its structure is particularly valuable in the synthesis of compounds with potential therapeutic effects, such as those targeting the central nervous system. Additionally, it is employed in the development of thiophene-based derivatives, which are explored for their diverse biological activities, including antimicrobial and anti-inflammatory properties. Researchers also leverage its reactivity in the creation of complex molecules for drug discovery and development.