Used as an intermediate in organic synthesis, particularly in the production of specialized polymers and resins. Its brominated structure makes it valuable in flame retardant applications, where it enhances the fire resistance of materials like plastics and textiles. Additionally, it serves as a precursor in the development of dyes and pigments, contributing to color stability and performance. In pharmaceutical research, it is utilized for synthesizing complex molecules due to its reactive ester groups, which facilitate further chemical modifications.