Used in organic synthesis as an intermediate for pharmaceuticals and bioactive compounds. Its nitro group allows for further functionalization, such as reduction to an amine for use in heterocyclic ring formation. Commonly employed in the development of fluorescent probes and dyes due to the benzofuran core’s photophysical properties. Also explored in medicinal chemistry for designing kinase inhibitors and antimicrobial agents. Suitable for solid-phase and solution-phase synthesis in drug discovery research.