Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and agrochemicals. Its structure, featuring a cyclopropane ring and a bromophenyl group, makes it valuable for constructing complex molecules, particularly in the development of active pharmaceutical ingredients (APIs). It is also employed in research settings to study cyclopropane ring-opening reactions, which are important in medicinal chemistry for designing drugs with specific biological activities. Additionally, its derivatives may exhibit potential biological properties, making it a candidate for further exploration in drug discovery.