This chemical is primarily utilized in organic synthesis as an intermediate for the development of more complex molecules. It is often employed in pharmaceutical research, particularly in the synthesis of compounds with potential therapeutic properties. The presence of the bromophenyl group makes it a valuable precursor for cross-coupling reactions, such as Suzuki or Heck reactions, which are essential in creating biologically active compounds. Additionally, its cyclobutane ring structure is of interest in medicinal chemistry for designing molecules with specific conformational properties. It may also be used in material science for the development of novel organic materials with unique electronic or structural characteristics.