Used primarily as an intermediate in organic synthesis, this compound serves in the preparation of more complex bicyclic structures. Its bromoethyl group acts as a reactive site for nucleophilic substitution or elimination reactions, enabling the introduction of functional groups in pharmaceuticals or agrochemicals. It is also employed in ring-opening or cycloaddition reactions to build polycyclic frameworks found in natural product synthesis. Due to the strained bicyclic core, it can participate in rearrangement reactions useful in developing novel synthetic pathways.