Used primarily as an intermediate in organic synthesis, this compound serves in the preparation of cyclobutane-based structures which are valuable in pharmaceutical and agrochemical research. Its reactive bromo and ketone functional groups allow for selective transformations, enabling the construction of complex ring systems. It is particularly useful in ring-expansion reactions and cyclization processes to form larger carbocycles or heterocycles. Due to its strained ring structure, it participates in ring-opening and substitution reactions, making it a versatile building block in synthetic routes targeting bioactive molecules.