This compound is primarily utilized in organic synthesis as a versatile intermediate for the development of more complex chemical structures. Its unique structure, featuring both a bromo group and a nitrile group, makes it valuable in pharmaceutical research, particularly in the design and synthesis of potential drug candidates. It is often employed in cross-coupling reactions, such as Suzuki or Buchwald-Hartwig reactions, to introduce indene-based scaffolds into molecules. Additionally, its reactivity allows for further functionalization, enabling the creation of diverse derivatives for use in medicinal chemistry and material science. The compound is also explored in the development of organic electronic materials due to its potential for modifying electronic properties.