This chemical is primarily utilized in organic synthesis, particularly in the production of complex organic compounds. It serves as a key intermediate in the development of pharmaceuticals, where its structure allows for the introduction of thiophene and bromoethyl groups into target molecules. Additionally, it is employed in the synthesis of organic electronic materials, such as conductive polymers and semiconductors, due to its ability to modify electronic properties. Its application extends to the field of material science, where it is used to create specialized coatings and polymers with tailored functionalities.