This chemical is primarily utilized in organic synthesis as a versatile intermediate. It plays a significant role in the development of complex organic compounds, particularly in the field of pharmaceuticals and materials science. Its structure allows for further functionalization, making it valuable in the synthesis of fluorenone derivatives, which are often explored for their potential in creating organic light-emitting diodes (OLEDs) and other electronic materials. Additionally, it is used in research to study cross-coupling reactions, which are essential for constructing carbon-carbon bonds in drug development and advanced material design.