Used as an intermediate in organic synthesis, particularly in the preparation of heterocyclic compounds and functionalized polymers. Its bromo and ester functionalities allow for selective reactions, such as nucleophilic substitution and hydrolysis, making it valuable in pharmaceutical and agrochemical research. Commonly employed in the development of surfactants, lubricants, and specialty coatings due to its ability to modify molecular polarity and reactivity. Also utilized in the synthesis of prodrugs where controlled release is required through ester cleavage.