Used primarily in organic synthesis, this compound serves as a key intermediate in the development of pharmaceuticals and bioactive molecules. Its structure is particularly valuable in the creation of anti-inflammatory and analgesic agents, leveraging the indene core for biological activity. Additionally, it is utilized in research for designing enzyme inhibitors, particularly those targeting cyclooxygenase (COX) pathways. Its bromine atom also makes it a useful precursor for further functionalization in medicinal chemistry.