Used as an intermediate in the synthesis of pharmaceuticals, particularly in the development of vasodilator drugs. It plays a key role in constructing the core structure of compounds with cardiovascular activity. Commonly employed in research settings for the preparation of benzofuran-based derivatives that exhibit biological activity, including anti-inflammatory and antihypertensive effects. Also utilized in the optimization of drug candidates due to its favorable metabolic stability and ability to enhance lipophilicity in molecular design.