This compound is primarily utilized in organic synthesis as a building block for more complex molecules. It is often employed in the preparation of pharmaceuticals and agrochemicals due to the presence of the cyclopropane ring and bromophenyl group, which are valuable in drug design. The compound serves as an intermediate in the development of bioactive compounds, particularly in the synthesis of potential therapeutic agents targeting various diseases. Its structure allows for further functionalization, making it a versatile reagent in medicinal chemistry research. Additionally, it can be used in the study of cyclopropane ring-opening reactions, which are significant in understanding reaction mechanisms and developing new synthetic pathways.