Used as a key intermediate in the synthesis of functional organic materials, particularly in the development of iodinated and brominated aromatic compounds for imaging agents and radiopharmaceuticals. Its dual halogen functionality allows selective cross-coupling reactions, making it valuable in medicinal chemistry for constructing complex molecules. Also employed in the preparation of metal-organic frameworks (MOFs) due to its rigid aromatic structure and ester groups that can coordinate with metal ions. The compound’s derivatization supports research in optoelectronic materials and fluorescent probes.