Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system (CNS) active agents. Its structure supports the creation of compounds with antidepressant, anxiolytic, and neuroprotective properties. Commonly employed in medicinal chemistry for constructing bioactive molecules due to the stability and favorable pharmacokinetic profile of the dihydrobenzofuran scaffold. Also utilized in the preparation of selective enzyme inhibitors and receptor modulators.