This compound is primarily utilized in the synthesis of organic materials, particularly in the development of pharmaceuticals and agrochemicals. Its structure serves as a key intermediate in the production of compounds with potential biological activity, such as anti-inflammatory or antimicrobial agents. Additionally, it is employed in research settings for the study of chemical reactions and mechanisms involving indenone derivatives. Its applications also extend to material science, where it may be used in the development of novel organic molecules for electronic or optical materials.