This chemical is primarily utilized in organic synthesis as a building block for more complex molecules. It serves as a key intermediate in the production of pharmaceuticals, particularly in the development of compounds with potential therapeutic effects. Its cyclopropanol and bromophenyl groups make it a valuable precursor for creating structures with specific biological activities. Additionally, it is used in research settings to study cyclopropane ring-opening reactions, which are important in understanding reaction mechanisms and designing new synthetic pathways. Its applications also extend to material science, where it can be incorporated into polymers or coatings to modify their properties.