Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of serotonin receptor agonists and antagonists. It serves as a building block in the production of compounds targeting central nervous system disorders, including anxiety, depression, and migraine. Its bromo and furan functionalities allow for selective cross-coupling reactions, making it valuable in medicinal chemistry for constructing complex molecules. Also employed in agrochemical research for designing bioactive molecules with improved stability and selectivity.