Used as an intermediate in the synthesis of pharmaceuticals, particularly in the production of certain antidepressants and antipsychotic drugs. Commonly employed in the preparation of tetralin-based compounds with biological activity. Also serves as a building block in organic synthesis for creating fused ring systems found in natural products and bioactive molecules. Its reactivity makes it suitable for use in cyclization and condensation reactions to form complex aromatic structures. Additionally, it finds use in the development of fragrances and specialty chemicals due to its stable cyclic ketone structure.