Used as a key intermediate in the synthesis of pharmaceuticals and functional materials, this compound is particularly valuable due to the presence of both a bromomethyl group and an ester functionality. The bromomethyl group allows for easy nucleophilic substitution, enabling attachment to other molecular frameworks, while the ester can be hydrolyzed or reduced to introduce carboxylic acid or alcohol groups. It is commonly employed in the development of rigid, three-dimensional scaffolds for drug discovery, especially where bicyclic structures are needed to enhance metabolic stability and target binding selectivity. Its structure also makes it useful in polymer chemistry for creating cross-linked or functionalized polymers with controlled architecture.