This chemical is primarily used in the synthesis of pharmaceutical compounds, particularly in the development of anti-inflammatory and analgesic drugs. Its benzofuran structure makes it a valuable intermediate in organic synthesis, enabling the creation of molecules with potential therapeutic effects. Additionally, it is explored in research for its role in designing novel compounds that target specific enzymes or receptors in the body. Its applications also extend to the field of medicinal chemistry, where it contributes to the development of drugs for managing chronic pain and inflammation-related conditions.