We summarize the ongoing scientific program of the 12 GeV Continuous Electron Beam Accelerator Facility (CE-BAF) and give an outlook into future scientific opportunities. The program addresses important topics in nuclear, hadronic, and electroweak physics including nuclear femtography, meson and baryon spectroscopy, quarks and gluons in nuclei, precision tests of the standard model, and dark sector searches. Potential upgrades of CEBAF are considered, such as higher luminosity, polarized and unpolarized positron beams, and doubling the beam energy.