Used primarily as an intermediate in organic synthesis, it plays a crucial role in the production of pharmaceuticals and agrochemicals. Its bromine and ester functional groups make it a versatile building block for constructing complex molecules. It is often employed in reactions such as nucleophilic substitution or esterification to introduce specific structural features into target compounds. Additionally, it can be utilized in the development of fine chemicals and specialty materials, where precise molecular modifications are required. Its application is particularly significant in research and industrial settings for creating compounds with tailored properties.