This compound is primarily utilized in organic synthesis as an intermediate for the development of more complex chemical structures. It serves as a key building block in the preparation of pharmaceuticals, particularly in the synthesis of compounds with potential therapeutic properties. Its indene core structure makes it valuable in the creation of molecules that can interact with biological targets, such as enzymes or receptors. Additionally, it may be used in the research and development of agrochemicals, where its derivatives could contribute to the formulation of pesticides or herbicides. The bromo and acetate functional groups provide reactive sites for further chemical modifications, enabling the creation of diverse chemical entities for various industrial applications.