Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of drugs targeting central nervous system disorders. Its structure supports the creation of bioactive molecules due to the presence of the benzofuran core, which is known for its pharmacological activity. Commonly employed in research settings for designing compounds with potential anti-inflammatory, antimicrobial, or antitumor properties. Also utilized in agrochemical research for developing new pesticides with improved efficacy and selectivity.