This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmacologically active molecules. Its structure, featuring both benzofuran and pyridine moieties, makes it a versatile building block for developing compounds with potential therapeutic applications. It is often explored in the design of drugs targeting central nervous system disorders, such as neurodegenerative diseases or psychiatric conditions, due to its ability to interact with specific receptors or enzymes in the brain. Additionally, its derivatives are investigated for their potential anti-inflammatory, antimicrobial, or anticancer properties, contributing to ongoing research in drug discovery and development.