Used as a chiral intermediate in the synthesis of pharmaceuticals, particularly in the development of enantiomerically pure drugs. Its structural features make it valuable in asymmetric synthesis, where the stereochemistry plays a critical role in biological activity. Commonly employed in the preparation of central nervous system agents and receptor modulators due to the rigid cyclic framework and functional groups that allow further chemical modifications. Also utilized in research settings for the development of novel synthetic routes involving brominated indane derivatives.