Used primarily as a synthetic intermediate in organic chemistry, this compound serves in the development of pharmaceuticals and bioactive molecules. Its bromophenyl and carboxylic acid functional groups allow for further derivatization through cross-coupling reactions or amide formation. It is particularly valuable in medicinal chemistry for constructing cyclobutane-containing scaffolds, which are gaining interest due to their metabolic stability and three-dimensional structure in drug design. The compound may also find use in the synthesis of agrochemicals or specialty materials where rigid aliphatic rings are required.