Used primarily as an intermediate in organic synthesis, this compound serves in the preparation of cyclopentane-based structures found in pharmaceuticals and agrochemicals. Its bromine functionality allows for cross-coupling reactions, enabling the introduction of various substituents. The ester group can be hydrolyzed to the corresponding carboxylic acid or reduced to yield alcohols, making it a versatile building block in multi-step syntheses. It is particularly valuable in the development of bioactive molecules where a substituted cyclopentane ring is required.