This chemical is primarily utilized in organic synthesis as a versatile intermediate. It is often employed in the preparation of complex cyclic compounds due to its reactive bromine and carboxylic acid functional groups. In pharmaceutical research, it serves as a building block for synthesizing biologically active molecules, particularly those with cyclohexene frameworks. Additionally, it finds use in agrochemical production for developing compounds with specific structural properties. Its reactivity also makes it valuable in material science for creating specialized polymers or coatings.