This chemical is primarily utilized in organic synthesis as a versatile intermediate. It is often employed in the preparation of complex molecules, particularly in pharmaceutical research, where it serves as a building block for drug development. Its bromine atoms make it a valuable reagent for cross-coupling reactions, such as Suzuki or Heck reactions, which are essential for creating carbon-carbon bonds in medicinal chemistry. Additionally, it can be used in the synthesis of agrochemicals and fine chemicals, where its structure allows for further functionalization to achieve desired properties. Its ester group also makes it suitable for esterification or transesterification processes in polymer chemistry.