This compound is primarily utilized in organic synthesis as a versatile building block for the development of more complex molecules. Its functional groups, including the bromo, cyano, and ester moieties, make it a valuable intermediate in pharmaceutical and agrochemical research. It is often employed in cross-coupling reactions, such as Suzuki or Sonogashira couplings, to create biologically active compounds or advanced materials. Additionally, its structure allows for further transformations, such as hydrolysis or reduction, to yield derivatives with specific properties. This makes it a key reagent in the synthesis of heterocyclic compounds, which are essential in drug discovery and development.