Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of central nervous system (CNS) active agents. Its structure supports the creation of compounds with potential antidepressant, anxiolytic, and anticonvulsant properties. Commonly employed in organic synthesis for constructing complex indane-based frameworks found in bioactive molecules. Also utilized in research settings for structure-activity relationship (SAR) studies due to its halogenated aromatic core, which allows further functionalization via cross-coupling reactions.