Used primarily as an intermediate in organic synthesis, especially in the development of pharmaceuticals and fine chemicals. Its structure allows for functionalization at multiple sites, making it valuable in constructing complex molecules. Commonly employed in the synthesis of psychoactive substances and research chemicals, particularly those with stimulant or hallucinogenic properties. Also utilized in academic and industrial research to explore new reaction pathways or to build indane-based compound libraries. Due to its bromine and methoxy groups, it serves as a versatile substrate for cross-coupling reactions, nucleophilic substitutions, and electrophilic additions. Handle with care—typically restricted to laboratory settings due to potential misuse and lack of approved medical use.