This chemical is primarily used in organic synthesis as an intermediate for the production of more complex compounds. It serves as a building block in the development of pharmaceuticals, particularly in the creation of active pharmaceutical ingredients (APIs) that target specific diseases. Additionally, it is utilized in the synthesis of agrochemicals, contributing to the formulation of pesticides or herbicides. Its bromo and ester functional groups make it a versatile reagent in various coupling reactions, such as Suzuki or Heck reactions, which are essential in creating advanced materials or fine chemicals. In research, it is often employed in the study of reaction mechanisms or the development of novel synthetic pathways.