(S)-(-)-1-Indanol is widely used in the pharmaceutical industry as a chiral building block for the synthesis of various drugs. Its enantiomeric purity makes it valuable in the production of compounds with specific stereochemistry, which is crucial for the efficacy and safety of many medications. Additionally, it serves as an intermediate in the synthesis of complex organic molecules, particularly in the development of active pharmaceutical ingredients (APIs) for treating neurological and cardiovascular diseases. In research, it is employed as a reagent or precursor in asymmetric synthesis, aiding in the study of chiral catalysts and enantioselective reactions. Its applications also extend to material science, where it is used in the development of chiral polymers and advanced materials with specific optical properties.