Used primarily as an intermediate in organic synthesis, especially in the pharmaceutical and agrochemical industries. It serves as a building block for more complex molecules due to the reactivity of the bromine atom, which readily participates in coupling reactions such as Suzuki, Heck, and Negishi reactions. Commonly employed in the development of bioactive compounds, including potential drug candidates with antimicrobial, anti-inflammatory, or central nervous system activity. Also utilized in the synthesis of functional materials and ligands for catalysis. Its benzofuran core is of interest in the design of fluorescent dyes and optoelectronic materials.