This compound is primarily utilized in organic synthesis as a versatile building block for the construction of more complex molecules. Its cyclobutane ring structure, combined with the reactive bromine and ester functional groups, makes it valuable in cycloaddition reactions and ring-opening transformations. It is often employed in the development of pharmaceuticals, where the cyclobutane moiety can impart unique conformational properties to drug candidates. Additionally, it serves as a precursor in the synthesis of fine chemicals and agrochemicals, particularly in reactions where controlled stereochemistry is essential. Its reactivity also makes it useful in polymer chemistry for creating specialized monomers.