Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of bioactive molecules due to the presence of bromine atoms and reactive hydroxyl group. Its structure allows for selective cross-coupling reactions, making it valuable in constructing complex organic molecules. Commonly employed in the preparation of thiophene-based derivatives for research in medicinal chemistry and materials science. Also utilized in the design of organic semiconductors and functional polymers owing to the electron-rich thiophene core.