Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and fine chemicals. Its bromo and ester functional groups allow for further transformations, such as nucleophilic substitution and cyclization reactions. Commonly employed in the development of heterocyclic compounds, including indoles and other bioactive ring systems. Also utilized in the synthesis of local anesthetics and anti-inflammatory agents due to its ability to serve as a building block for more complex molecules.