This chemical is primarily used in the synthesis of organic compounds, particularly in the development of pharmaceuticals and agrochemicals. Its structure makes it a valuable intermediate in the production of active pharmaceutical ingredients (APIs) that target various therapeutic areas. Additionally, it is employed in research settings for the creation of novel compounds with potential biological activity. Its thiophene and ester functional groups make it suitable for use in organic reactions, such as coupling reactions and polymer synthesis, contributing to advancements in material science.