This compound is primarily utilized in organic synthesis as an intermediate for the development of more complex chemical structures. It is often employed in pharmaceutical research for the creation of potential drug candidates, particularly in the design of molecules targeting specific biological pathways. The presence of the bromophenyl group makes it a valuable building block for cross-coupling reactions, such as Suzuki or Heck reactions, which are essential in medicinal chemistry. Additionally, its cyclopentane ring structure contributes to its use in the synthesis of compounds with potential therapeutic properties, including anti-inflammatory or analgesic agents. Researchers also explore its application in material science for the development of novel polymers or coatings with specific functional properties.