This compound is primarily utilized in organic synthesis as a versatile intermediate for the development of more complex chemical structures. It is particularly valuable in pharmaceutical research, where it serves as a building block for the synthesis of potential drug candidates. The presence of both bromine and fluorine atoms in its structure makes it a useful precursor for further functionalization through various chemical reactions, such as cross-coupling reactions, which are essential in creating biologically active molecules. Additionally, its indanone core structure is of interest in the design of compounds with potential therapeutic applications, including anti-inflammatory, anticancer, and antimicrobial agents. Its application extends to material science, where it can be used in the synthesis of organic electronic materials due to its conjugated system.