This chemical is primarily utilized in the synthesis of various pharmaceutical compounds, particularly those involving thiophene derivatives. It serves as a key intermediate in the production of drugs that target central nervous system disorders, offering a structural backbone that can be modified to enhance therapeutic efficacy. Additionally, it is employed in the development of agrochemicals, where its unique structure contributes to the creation of pesticides and herbicides with improved activity and selectivity. Its role in organic synthesis also extends to the preparation of specialty chemicals used in research and industrial applications, particularly in the development of novel materials and bioactive molecules.