This chemical is primarily utilized in organic synthesis as a key intermediate for the development of more complex molecules. Its structure, featuring bromine atoms and a benzofuran moiety, makes it valuable in the construction of heterocyclic compounds, which are often explored for their biological activities. Researchers employ it in the synthesis of potential pharmaceutical agents, particularly in the development of compounds with antimicrobial, anti-inflammatory, or anticancer properties. Additionally, it serves as a building block in materials science for creating specialized polymers or organic electronic materials due to its reactive functional groups. Its application is largely confined to laboratory settings, where it is used under controlled conditions for research and development purposes.