This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals. Its unique structure allows for the development of compounds with potential therapeutic properties, particularly in the area of central nervous system disorders. Researchers often employ it in the synthesis of novel drug candidates, leveraging its indanone core to explore new chemical entities. Additionally, it has been studied for its role in the development of anti-inflammatory and anticancer agents, where its fluorinated and methoxy-substituted structure contributes to enhanced biological activity. Its application extends to material science as well, where it is used in the synthesis of organic electronic materials due to its conjugated system.