This chemical is widely used in organic synthesis as a key intermediate for the production of various pharmaceuticals and agrochemicals. It plays a significant role in the synthesis of thiophene derivatives, which are essential in the development of drugs targeting central nervous system disorders, anti-inflammatory agents, and antimicrobial compounds. Additionally, it is employed in the creation of heterocyclic compounds, which are crucial in the design of advanced materials and dyes. Its reactivity with different reagents makes it a versatile building block in industrial and research applications.