This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active molecules, particularly those targeting therapeutic applications. Its structure, featuring both a benzo[b]thiophene and a substituted phenyl ring, makes it valuable for designing compounds with potential anti-inflammatory, antimicrobial, or anticancer properties. Researchers often employ it in the synthesis of complex molecules to study structure-activity relationships and optimize drug efficacy. Additionally, its functional groups allow for further chemical modifications, enabling the creation of diverse derivatives for screening in drug discovery programs.