This chemical is primarily used in organic synthesis as a key intermediate for the preparation of various heterocyclic compounds. Its benzofuran moiety makes it valuable in the development of pharmaceuticals, particularly in the synthesis of compounds with potential biological activities such as anti-inflammatory, antimicrobial, or anticancer properties. Additionally, the bromo group in its structure allows for further functionalization through substitution reactions, enabling the creation of more complex molecules. It is also employed in research settings for studying reaction mechanisms and developing novel synthetic pathways in medicinal chemistry.