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 methyl group on an indan-1-one core, makes it valuable in the synthesis of pharmaceuticals, particularly in the creation of compounds with potential biological activity. Researchers often employ it in cross-coupling reactions, such as Suzuki or Buchwald-Hartwig reactions, to introduce additional functional groups or aromatic systems. Additionally, it serves as a precursor in the preparation of ligands for catalytic processes or materials with specific electronic properties. Its application extends to the field of medicinal chemistry, where it is used to design and optimize drug candidates targeting various diseases.