Used primarily as an intermediate in the synthesis of pharmaceuticals and agrochemicals, this compound plays a key role in constructing complex organic molecules. Its bromine functionality allows for cross-coupling reactions, such as Suzuki or Heck reactions, enabling the formation of carbon-carbon bonds in drug development. It is also employed in the preparation of functional materials, including organic semiconductors and electronic materials, due to the electron-rich nature of the benzothiophene core. Additionally, it serves as a building block in the creation of biologically active compounds, particularly in research targeting kinase inhibitors and anti-inflammatory agents.