Like most words that people don't hear out of the mouths of newscasters and Hollywood celebs, boughten gets accused of not being a word. But it is a word. In fact, it's two.
Formed from the past tense of buy, the word boughten takes bought and adds -en, just as hidden comes from hid, the past tense of hide. And like hidden, boughten has two functions: adjective and verb form.
As an adjective, boughten means simply "bought," as in "boughten cookies are never as good as homemade." The entry in this dictionary dates the adjective to 1738, and labels it "chiefly dialect," which means that it mostly appears in regional varieties of English. The word is, as the example about cookies demonstrates, usually used to contrast a purchased version of a thing with a version that is made at home or by one's own efforts. It's typically synonymous with the even less common store-boughten, which is defined in Merriam-Webster Unabridged as a dialectal variant of store-bought, that word being the only common word of the three.
Boughten, as an adjective, is used a little more broadly than store-boughten and store-bought; it can suggest that something that should have been freely given was paid for, as in "a boughten endorsement." That also-rare use appears to be more common in British English than it is in American English.
Boughten is also used in some dialects as a past participle of buy. The past participle of buy (and also the simple past tense form) in Standard English is bought. We say "I will buy some cookies soon," and later "I have bought the cookies." But boughten is also used by some: "I have boughten the cookies."
A quick search on Twitter shows that neither use of boughten is dead, but the word has never enjoyed great popularity. And it's been the object of criticism for the last century or so. If you use boughten you can certainly defend yourself from those who claim it's not a word. You can also tell the critics that such writers as Samuel Taylor Coleridge, Robert Frost, L.M. Montgomery, and Ursula Le Guin used it. But if you don't have the time to address the critics you might want to stick to store-bought and bought instead.