This compound is primarily utilized in organic synthesis as a key intermediate in the production of more complex chemical structures. It is particularly valuable in the pharmaceutical industry for the development of active pharmaceutical ingredients (APIs) that target various diseases. Its fluorinated benzofuran core is often incorporated into molecules designed for their biological activity, such as anticancer, anti-inflammatory, or antimicrobial agents. Additionally, it serves as a building block in the synthesis of agrochemicals, where its unique structure contributes to the efficacy of pesticides or herbicides. Researchers also explore its potential in material science, particularly in the design of organic electronic materials due to its aromatic and heterocyclic properties.