This compound is primarily utilized in organic synthesis as a key intermediate for the development of more complex chemical structures. Its reactive sites, including the bromine atom and the ester group, make it suitable for various coupling reactions, such as Suzuki or Sonogashira couplings, which are essential in the synthesis of pharmaceuticals and agrochemicals. Additionally, the dihydrobenzofuran moiety is a valuable scaffold in medicinal chemistry, often incorporated into compounds with potential biological activities, such as anti-inflammatory, antimicrobial, or anticancer agents. Its versatility allows researchers to modify and optimize its structure for specific applications in drug discovery and development.