Used primarily as an intermediate in organic synthesis, this compound serves in the preparation of pharmaceuticals and agrochemicals. Its reactive bromo and ketone functional groups allow for versatile transformations, such as nucleophilic substitution and carbon chain elongation. It is particularly useful in constructing cyclobutyl-containing molecules, which are of interest in medicinal chemistry due to their metabolic stability and unique three-dimensional structure. The compound also finds use in the synthesis of specialty chemicals where a constrained ring system is needed to influence biological activity or physical properties.