Albion's away form has been impressive this campaign and victory in the Midlands moved them to 44 points and keeps them in the hunt for a top 10 finish this season.
Graham Potter's team created the best openings in the first half but Alexis Mac Allister missed a 33rd-minute penalty.
Referee Simon Hooper awarded the spot-kick after checking the monitor following a VAR review and ruled Romain Saiss handled Solly March’s cross.
But Mac Allister’s effort hit Jose Sa’s right-hand post.
Nine minutes later Mac Allister did score from the spot after Danny Welbeck went down under Willy Boly’s needless challenge.
The Argentine showed nerves of steel and insisted on taking the second penalty, despite Leo Trossard wanting the responsibility.
Mac Allister kept his clam and beat Jose Sa to net his fifth goal of the season.
Trossard added a second for Brighton with his seventh goal of the season when he cut inside Joao Moutinho and fired past Sa after great work from the impressive Moises Caicedo and Danny Welbeck.
Yves Bissouma added a late third for Brighton to wrap up a dominant victory.
Caicedo, making just his fifth Premier League start, was the pick of the Albion midfielders and the Ecuador international looks as though he will be a key player for Potter and Albion next season.
Lewis Dunk also impressed for Brighton as he controlled the defence from the back and won numerous headers against a lacklustre Wolves attack.
Here's how our Sussex World reporter Logan MacLeod rated Brighton's players from the Molineux Stadium.
9. Enock Mwepu
Unable to stamp his mark on the game playing just behind the striker. Found in tough to find pockets of space in that role. Subbed off for Webster (60'). 6/10
10. Alexis Mac Allister
The tale of two penalties for the Argentinian. Missed his first with a poor effort which clipped the outside of the post. However, had the bottle to step up and convert the second spot kick 10 minutes later. A threat in between the lines. 8/10
11. Danny Welbeck
Was a problem for Wolves all game. Whether he was dropping deep to hold the ball up or running into the channels, he was a handful. Won the second penalty after a positive run saw him brought down by Willy Boly. Set Trossard up after more selfless forward play. 8/10
12. Adam Webster
Subbed on for Mwepu (60'). Had the tough task of marking Raul Jimenez but passed with flying colours. Nearly gave Hwang a golden opportunity but got back well to make amends. Flew through two hard tackles in quick succession and came out with the ball. 6/10