2-Ethylbenzofuran is primarily used in the fragrance and flavor industry due to its unique aromatic properties. It is often incorporated into perfumes and scented products to impart a warm, woody, and slightly sweet aroma. Additionally, it serves as a key intermediate in the synthesis of more complex organic compounds, particularly in the development of pharmaceuticals and agrochemicals. Its structural properties make it valuable in research and development for creating novel molecules with potential therapeutic or pesticidal activities.