This compound is primarily utilized in organic synthesis as a versatile intermediate. It plays a significant role in the development of pharmaceuticals, particularly in the synthesis of bioactive molecules and heterocyclic compounds. Its structure, featuring a bromo and ester functional group, makes it a valuable precursor for coupling reactions, such as Suzuki or Heck reactions, which are essential in creating complex organic molecules. Additionally, it is employed in the production of agrochemicals and materials science, where its derivatives contribute to the development of novel compounds with potential applications in crop protection or advanced materials.