This compound is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various biologically active molecules. Its unique structure, featuring an amino group and a nitrile group on a dihydroindene scaffold, makes it valuable for developing drugs targeting neurological disorders, particularly those involving dopamine receptors. It is often employed in the creation of chiral compounds, leveraging its stereochemistry to produce enantiomerically pure substances with specific therapeutic effects. Additionally, it serves as a building block in organic synthesis for constructing complex heterocyclic compounds used in medicinal chemistry research.