This chemical is primarily utilized in the field of organic synthesis, particularly in the development of pharmaceutical compounds. It serves as a key intermediate in the production of biologically active molecules, often those targeting central nervous system disorders. Its structure, featuring a bromo-substituted indane ring, makes it valuable for further functionalization, enabling the creation of complex drug candidates. Additionally, it is employed in asymmetric synthesis due to the presence of the chiral center, which is crucial for producing enantiomerically pure substances. Researchers also use it in the study of enzyme inhibition and receptor binding, contributing to the discovery of novel therapeutic agents.