This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of biologically active molecules, particularly those targeting neurological disorders and inflammatory conditions. Its structure, featuring a benzo[b]thiophene moiety, makes it valuable for developing compounds with potential therapeutic effects. Researchers often employ it in the design and optimization of drug candidates, leveraging its ability to interact with specific biological targets. Additionally, its tert-butoxycarbonyl (Boc) protecting group allows for selective modifications during multi-step synthetic processes, enhancing its versatility in organic synthesis.