Used in the fragrance industry for its sweet, fruity, and floral aroma notes. It serves as a key intermediate in the synthesis of perfumery compounds, particularly in creating complex scent profiles for fine fragrances and scented consumer products. Its stability and strong olfactory characteristics make it valuable in enhancing top to middle notes in perfume formulations. Additionally, it is explored in research settings for potential bioactive molecule development due to its benzofuran backbone, which is known for showing biological activity in some derivatives.