Used primarily as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of bioactive molecules with potential antipsychotic, antidepressant, and anti-inflammatory properties. Its structure serves as a key building block in medicinal chemistry due to the presence of reactive sites that allow for further functionalization. Commonly employed in cross-coupling reactions such as Suzuki or Buchwald-Hartwig aminations to construct complex heterocyclic systems found in drug candidates. Also utilized in research settings for the design of novel benzofuran-based compounds targeting central nervous system disorders. Its trifluoromethyl and bromo substituents enhance lipophilicity and facilitate radiolabeling or isotopic tagging in tracer studies.