Widely used in organic synthesis, this compound serves as a key building block for constructing strained ring systems. Its bromine atom allows for cross-coupling reactions, enabling the formation of more complex cyclopropane derivatives. It is particularly valuable in pharmaceutical research, where cyclopropane motifs are present in bioactive molecules. The ester group can be easily modified, making it useful for homologation or chain elongation in multi-step syntheses. It also participates in metal-catalyzed transformations, such as palladium-mediated couplings, to introduce the cyclopropyl unit into larger frameworks. Its reactivity profile makes it suitable for use in the development of agrochemicals and specialty materials requiring rigid structural elements.