This compound is primarily utilized in organic synthesis as a key intermediate for the development of more complex molecules. It is often employed in the pharmaceutical industry for the creation of active pharmaceutical ingredients (APIs) due to its thiophene ring, amino, and ester functional groups, which are versatile in drug design. Additionally, it serves as a building block in the synthesis of agrochemicals, particularly in the production of pesticides and herbicides, where its structural properties contribute to the efficacy of the final product. Its application also extends to material science, where it is used in the development of organic electronic materials, such as semiconductors and conductive polymers, owing to its electron-rich thiophene ring.