This compound is primarily utilized in the field of organic synthesis as a key intermediate for the development of more complex chemical structures. Its unique structure, featuring both chloro and methoxy functional groups, makes it a valuable building block in the synthesis of pharmaceuticals, particularly in the creation of compounds with potential therapeutic properties. Researchers often employ it in the design and production of molecules that may exhibit biological activity, such as anti-inflammatory or antimicrobial agents. Additionally, its presence in the indenone class allows it to be used in the study of chemical reactions involving ketones and aromatic systems, contributing to advancements in synthetic methodologies. Its applications extend to material science, where it can be incorporated into the development of novel organic materials with specific electronic or photophysical properties.