This compound is primarily utilized in organic synthesis as a key intermediate for the development of more complex chemical structures. Its unique structure, featuring a bromine atom and a ketone functional group, makes it a versatile building block in the preparation of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs). It is often employed in cross-coupling reactions, such as Suzuki or Buchwald-Hartwig reactions, to introduce indenone moieties into target molecules. Additionally, it finds application in the research and development of novel compounds with potential biological activities, including anti-inflammatory, anticancer, or antimicrobial properties. Its reactivity also makes it useful in material science for the design of organic electronic materials or functional polymers.