Used as an intermediate in the synthesis of pharmaceuticals and biologically active compounds, particularly in the development of benzofuran-based drugs. Its bromine functionality allows for further transformations via cross-coupling reactions, such as Suzuki or Heck couplings, enabling the construction of complex molecular architectures. Commonly employed in medicinal chemistry for designing potential anti-inflammatory, antimicrobial, or anticancer agents. Also utilized in materials science for creating organic semiconductors and fluorescent dyes due to the rigid benzofuran scaffold.