Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure allows for further functionalization, making it valuable in the development of complex molecules. Additionally, it is employed in the synthesis of indene derivatives, which are utilized in materials science for creating polymers and coatings with specific properties. Its bromine atoms make it a useful reagent in cross-coupling reactions, facilitating the construction of carbon-carbon bonds in advanced chemical processes.