Used as a key intermediate in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions to construct biaryl compounds. Its boronic acid functionality allows for efficient carbon-carbon bond formation, making it valuable in pharmaceutical and agrochemical research for developing complex aromatic structures. The indanone-derived scaffold contributes to enhanced stability and reactivity in coupling processes. Commonly employed in the synthesis of bioactive molecules and functional materials where substituted indanone motifs are required.