Used primarily as an intermediate in the synthesis of pharmaceuticals and agrochemicals. Its structure serves as a building block for more complex molecules, particularly in the development of drugs targeting central nervous system disorders and inflammatory conditions. Due to the presence of the chlorine atom and the benzofuran core, it participates in cross-coupling reactions, enabling the formation of carbon-carbon bonds in drug discovery pathways. It is also utilized in the preparation of bioactive compounds with potential antifungal and antimicrobial properties. Its aromatic system allows for easy modification, making it valuable in research laboratories for designing novel therapeutic agents.