Used as a key intermediate in the synthesis of pharmaceuticals and bioactive compounds, particularly in the development of anticoagulant and anti-inflammatory agents. Its structure allows for selective functionalization, making it valuable in medicinal chemistry for constructing benzofuran-based drug candidates. Also employed in agrochemical research for designing novel pesticides with improved stability and activity. Commonly utilized in organic synthesis to introduce the brominated benzofuran scaffold into more complex molecules through cross-coupling reactions.