This chemical is primarily utilized in organic synthesis as a key intermediate for the development of various pharmaceutical compounds. It plays a significant role in the synthesis of thiophene derivatives, which are known for their biological activities, including anti-inflammatory, antimicrobial, and anticancer properties. Researchers often employ it in the construction of complex molecules due to its reactive functional groups, which allow for further chemical modifications. Additionally, it is used in the preparation of heterocyclic compounds, which are essential in drug discovery and development processes. Its application extends to material science, where it contributes to the creation of novel organic materials with potential uses in electronics and optoelectronics.