Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of selective serotonin reuptake inhibitors (SSRIs) and other central nervous system (CNS) active compounds. Its fluorinated benzofuran core enhances metabolic stability and binding affinity to target receptors. Commonly employed in medicinal chemistry for constructing bioactive molecules due to its favorable electronic and steric properties. Also utilized in the preparation of fluorinated analogs in drug discovery programs to improve pharmacokinetic profiles.