Widely used in pharmaceutical synthesis, this compound serves as a key building block for heterocyclic drugs, particularly in the development of antipsychotic, anti-inflammatory, and antitumor agents. Its structure supports the formation of fused thiophene rings, which are common in bioactive molecules. It is also employed in the preparation of kinase inhibitors and other enzyme modulators due to its ability to enhance binding selectivity. In agrochemical research, it contributes to the design of novel pesticides with improved efficacy and environmental profiles. Additionally, it finds use in material science for synthesizing conductive organic polymers and dyes.