Used in organic synthesis as a building block for more complex molecules, particularly in the development of pharmaceuticals and agrochemicals. It serves as a precursor in the preparation of indene derivatives, which are valuable in medicinal chemistry for designing compounds with potential therapeutic properties. Additionally, it is employed in material science for the creation of specialized polymers and organic electronic materials, where its structure contributes to desired electronic properties. Its bromine atom makes it a versatile intermediate for further functionalization through cross-coupling reactions.