This chemical is primarily used in the pharmaceutical industry as a key intermediate in the synthesis of various active pharmaceutical ingredients (APIs). Its unique structure, featuring a fluorine atom and a carboxylic acid group, makes it valuable for developing compounds with potential biological activity. It is often employed in the creation of small molecule drugs targeting specific enzymes or receptors, particularly in areas such as anti-inflammatory, antiviral, or central nervous system (CNS) therapies. Additionally, its indene core structure contributes to its utility in designing molecules with enhanced stability and bioavailability. Researchers also explore its applications in organic synthesis for constructing complex heterocyclic compounds used in drug discovery and development.