This compound is primarily utilized in the field of organic synthesis as a key intermediate in the development of more complex molecules. Its structure, featuring both a fluoro group and a carboxylate ester, makes it a versatile building block for the synthesis of pharmaceuticals, particularly in the creation of active pharmaceutical ingredients (APIs) that target specific diseases. Additionally, it is employed in the research and development of novel compounds with potential biological activities, such as anti-inflammatory or anticancer properties. Its role in facilitating the construction of indene-based frameworks is particularly valuable in medicinal chemistry.