Used in organic synthesis as an intermediate for pharmaceuticals and agrochemicals. Its bromine functionality allows for cross-coupling reactions, such as Suzuki or Heck reactions, enabling the construction of complex benzofuran derivatives. Commonly employed in the development of bioactive molecules, including potential drug candidates targeting inflammation, CNS disorders, and cancer. Also utilized in materials science for designing fluorescent compounds and organic semiconductors due to the benzofuran core’s electronic properties.