Used as a key chiral intermediate in the synthesis of pharmaceuticals, particularly in the production of active ingredients for cardiovascular and central nervous system drugs. Its stereochemistry allows for selective reactions in asymmetric synthesis, making it valuable in creating enantiomerically pure compounds. Commonly employed in ring-opening reactions where the bromomethyl group is displaced to form extended cyclopropane derivatives with functionalized side chains. Also utilized in agrochemical research for developing bioactive molecules with improved stability and specificity.