Used primarily as a synthetic intermediate in organic chemistry, this compound serves in the preparation of pharmaceuticals and agrochemicals due to its reactive bromine atoms that allow further functionalization. Its ester group enables participation in nucleophilic substitution and elimination reactions, making it valuable in building complex molecular structures. It is also employed in the synthesis of bioactive molecules and heterocyclic compounds, where controlled bromination and carbon chain extension are required. Due to its reactivity, it is handled with care in controlled environments for targeted transformations.