Used as an intermediate in the synthesis of chemical compounds with potential in pharmaceutical research, particularly those affecting the central nervous system. Derivatives of benzofuran featuring carboxylic acid and sulfide groups play a role in modulating brain receptor functions, enabling development as potential therapeutics for neurological disorders such as depression, anxiety, or Parkinson's disease. It is also utilized in research on anti-inflammatory and antioxidant agents, owing to its structure that can intervene in cellular inflammatory pathways.