This compound is primarily utilized in organic synthesis as a protected intermediate for the construction of complex molecules, particularly in pharmaceutical research. Its tert-butyldimethylsilyl (TBDMS) group serves as a protective moiety for hydroxyl groups, ensuring selective reactivity during multi-step synthetic processes. It is often employed in the development of benzofuran-based compounds, which are known for their biological activities, including anti-inflammatory, antimicrobial, and anticancer properties. Additionally, its stability and ease of deprotection make it a valuable tool in the synthesis of natural products and bioactive molecules.