Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the construction of cyclopropane-containing molecules which are important structural motifs in bioactive compounds. Its reactivity allows for carbon-carbon bond formation through nucleophilic substitution or metal-catalyzed coupling reactions. Commonly employed in medicinal chemistry for building blocks in drug discovery, especially in the development of antiviral, antibacterial, and central nervous system agents. The ester and bromo functionalities enable further derivatization, making it valuable in multi-step organic syntheses.