Used in organic synthesis as an intermediate for pharmaceuticals and bioactive compounds. Its structure supports the development of indene-based derivatives with potential neurological activity. Commonly employed in cross-coupling reactions due to the bromine functionality, enabling the formation of carbon-carbon bonds. The benzyloxy group acts as a protecting group for phenolic hydrogens during multistep syntheses. Suitable for research in medicinal chemistry, particularly in designing serotonin receptor modulators and anti-inflammatory agents.