Used in organic synthesis as a versatile building block for constructing complex molecules, particularly in the development of pharmaceuticals and agrochemicals. It serves as a key intermediate in the preparation of thiophene derivatives, which are valuable in medicinal chemistry for designing drugs with potential therapeutic properties. Additionally, it is employed in material science for the synthesis of organic semiconductors and conductive polymers, contributing to advancements in electronic devices and optoelectronics. Its halogenated structure allows for further functionalization, making it a valuable reagent in cross-coupling reactions and other catalytic processes.