7-Methoxybenzofuran is primarily utilized in organic synthesis as a building block for the development of more complex chemical structures. It serves as a key intermediate in the production of pharmaceuticals, particularly in the synthesis of compounds with potential therapeutic properties. Its methoxy group enhances its reactivity, making it valuable in coupling reactions and other chemical transformations. Additionally, it is employed in the research and development of agrochemicals, where it contributes to the creation of novel pesticides or herbicides. The compound's aromatic structure also makes it a candidate for use in material science, particularly in the design of organic electronic materials or fluorescent dyes.