Used primarily in organic synthesis, this compound serves as a key precursor for the preparation of metallocene complexes, which are widely employed in catalysis, particularly in polymerization processes. It is also utilized in the development of specialty chemicals and materials, including ligands for transition metal catalysts. Additionally, it finds application in research for studying reaction mechanisms and in the creation of novel organometallic compounds. Its unique structure makes it valuable in designing molecules with specific steric and electronic properties.