This compound is primarily utilized in the field of organic synthesis, where it serves as a crucial intermediate for the development of various pharmaceuticals and biologically active molecules. Its structure, featuring a bromine atom and an indolinone core, makes it a valuable building block for constructing complex compounds, particularly in the synthesis of potential drug candidates targeting neurological disorders and cancer. Additionally, it is employed in the preparation of dyes and pigments due to its ability to form stable and vibrant colorants. Researchers also explore its use in material science for creating novel organic materials with specific electronic or photophysical properties.