This chemical is primarily utilized in organic synthesis as a versatile intermediate. It is often employed in the construction of complex molecular frameworks due to its bicyclic structure, which provides rigidity and stability. The bromine atom serves as a reactive site for further functionalization through substitution reactions, enabling the introduction of various substituents. Additionally, the ester group allows for transformations such as hydrolysis or reduction, making it valuable in the preparation of carboxylic acids, alcohols, or other derivatives. Its applications are particularly relevant in pharmaceutical research and the development of bioactive compounds, where precise structural modifications are crucial.