This compound is primarily utilized in organic synthesis as a key intermediate for the production of various pharmaceuticals and agrochemicals. Its structure, featuring both a bromine atom and a ketone group, makes it a versatile building block for constructing complex molecules. It is often employed in cross-coupling reactions, such as Suzuki or Heck reactions, to introduce the indenone moiety into target compounds. Additionally, it serves as a precursor in the synthesis of biologically active molecules, including potential drug candidates for treating neurological disorders or inflammation. Its application extends to material science, where it can be used to develop organic semiconductors or optoelectronic materials due to its conjugated system.