This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals and biologically active molecules. Its structure, featuring both an amino group and a bromo substituent on the benzofuran ring, makes it a versatile building block for constructing complex heterocyclic compounds. Researchers often employ it in the development of potential drug candidates, particularly in the synthesis of compounds targeting central nervous system disorders, anti-inflammatory agents, and antimicrobial drugs. Additionally, its reactive sites allow for further functionalization, enabling the creation of diverse chemical libraries for drug discovery and medicinal chemistry studies.