Used primarily as an intermediate in organic synthesis, especially in the pharmaceutical industry for developing bioactive molecules. Its amine functionality allows for easy derivatization, making it valuable in constructing nitrogen-containing heterocyclic compounds. It is also employed in the development of agrochemicals and functional materials due to its aromatic and electron-rich structure. Research applications include its use in creating fluorescent probes and optoelectronic materials, leveraging the benzofuran core’s photophysical properties.