Used primarily as an intermediate in organic synthesis, especially in the pharmaceutical and agrochemical industries. Its bromine functionality allows for cross-coupling reactions, such as Suzuki or Heck reactions, enabling the construction of complex aromatic and heterocyclic systems. Commonly employed in the development of bioactive molecules, including potential drug candidates targeting central nervous system disorders and inflammatory conditions. Also utilized in the synthesis of functional materials and specialty chemicals where substituted benzofurans are required.