This chemical is primarily utilized in organic synthesis as a key intermediate for the development of various pharmaceutical compounds. Its structure, featuring a bromo-substituted dihydrobenzofuran ring, makes it a valuable building block in the design of molecules with potential biological activity. It is often employed in the synthesis of drugs targeting neurological disorders, as the benzofuran moiety is known to interact with central nervous system receptors. Additionally, it serves as a precursor in the creation of ligands for medicinal chemistry research, particularly in the development of enzyme inhibitors or receptor modulators. Its applications also extend to material science, where it can be used in the synthesis of organic electronic materials due to its aromatic and heterocyclic properties.