Used primarily in organic synthesis, this compound serves as a key intermediate in the production of complex molecules. It is particularly valuable in the development of specialty chemicals, including surfactants and lubricants, due to its unique structure. In research, it is employed to study reaction mechanisms involving unsaturated hydrocarbons. Additionally, it finds application in the creation of polymers with specific properties, such as flexibility and durability. Its bromine atom makes it a useful precursor in cross-coupling reactions, which are essential in pharmaceutical and material science industries.