Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of active ingredients that require thiophene-based structures for enhanced biological activity. Its functional groups allow for easy modification in multi-step organic reactions, making it valuable in medicinal chemistry. Also employed in the preparation of specialty polymers and electronic materials where conjugated systems are needed. Commonly utilized in research settings for designing new compounds with potential antifungal, anti-inflammatory, or antitumor properties.