This chemical is primarily utilized in the synthesis of organic compounds, particularly in the development of pharmaceuticals and agrochemicals. It serves as a key intermediate in the production of active ingredients for various therapeutic drugs, including those targeting inflammatory and infectious diseases. Additionally, it is employed in the creation of advanced materials, such as conductive polymers, due to its thiophene ring structure, which is known for its electronic properties. Its role in cross-coupling reactions also makes it valuable in organic chemistry research for constructing complex molecular architectures.