Used primarily as an intermediate in organic synthesis, particularly in the pharmaceutical and agrochemical industries. It serves as a building block for the preparation of various biologically active compounds, including drugs and pesticides. Its bromine functionality allows for cross-coupling reactions, such as Suzuki or Heck reactions, enabling the formation of carbon-carbon bonds in complex molecule assembly. Also employed in the synthesis of heterocyclic compounds and functionalized aromatic esters. Its ester group can be hydrolyzed or reduced to modify molecular structure for specific applications in medicinal chemistry.