Used in organic synthesis as a versatile building block for the preparation of cyclopropane-containing compounds. It serves as a key intermediate in the development of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs) with cyclopropane motifs. The compound is also employed in the creation of agrochemicals, where cyclopropane structures are often incorporated to enhance biological activity. Additionally, it is utilized in material science for the synthesis of specialty chemicals and polymers, contributing to the development of advanced materials with unique properties. Its reactive bromomethyl group allows for further functionalization, making it valuable in various chemical transformations.