Used as an intermediate in organic synthesis, particularly in the preparation of cyclopropane-containing pharmaceuticals and biologically active compounds. Its reactive bromoacetyl group allows for nucleophilic substitution reactions, enabling the introduction of various functional groups. Commonly employed in the development of agrochemicals and medicinal agents where the cyclopropane ring enhances metabolic stability and binding affinity. Also utilized in the synthesis of specialty polymers and as a building block in the formation of complex ester derivatives.