Used primarily in organic synthesis and materials science, this compound serves as a building block for creating strained aromatic systems and chiral scaffolds. Its unique bridged structure with bromine substituents allows for selective cross-coupling reactions, enabling the construction of complex molecular architectures. It is employed in the development of advanced polymers, optoelectronic materials, and molecular recognition systems. Due to the steric and electronic properties imparted by the paracyclophane core, derivatives are explored in asymmetric catalysis and as components in supramolecular chemistry. The presence of bromine atoms facilitates further functionalization via metal-catalyzed reactions, making it valuable in synthetic strategies toward functional organic materials.