This compound is primarily utilized in organic synthesis as a versatile intermediate for the preparation of more complex molecules. It is often employed in the development of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs) due to its reactive bromoacetyl group, which facilitates further chemical modifications. Additionally, it serves as a key building block in the creation of various heterocyclic compounds, which are essential in medicinal chemistry. Its ester functionality also makes it useful in polymer chemistry, where it can be incorporated into polymers to impart specific properties. Furthermore, it is explored in material science for the development of advanced materials with tailored characteristics.