This chemical is primarily utilized in organic synthesis as a key intermediate for the preparation of more complex molecules. Its structure, featuring both a bromomethyl group and a carboxylate ester, makes it suitable for various coupling reactions and functional group transformations. It is often employed in the synthesis of pharmaceuticals, particularly in the development of compounds with potential biological activity. Additionally, it can serve as a building block in the creation of agrochemicals and other fine chemicals, where its reactive sites allow for further modification and derivatization.