Used in organic synthesis as a key intermediate for the preparation of various pharmaceuticals and bioactive compounds. It plays a role in the development of indene-based derivatives, which are explored for their potential in drug discovery, particularly in targeting specific enzymes or receptors. Additionally, it is utilized in material science for the synthesis of functionalized polymers and organic electronic materials, contributing to advancements in optoelectronics and photovoltaics. Its bromo and methyl groups make it a versatile building block in cross-coupling reactions, enabling the creation of complex molecular structures.