This chemical is primarily utilized in organic synthesis as a key intermediate for the development of more complex molecules. It is particularly valuable in the pharmaceutical industry for the creation of heterocyclic compounds, which are often explored for their potential therapeutic properties. Its structure, featuring both a bromo and a carboxylate group, allows for versatile reactivity, enabling modifications that can lead to the synthesis of novel drug candidates. Additionally, it finds application in material science, where it can be used to design and synthesize advanced organic materials with specific electronic or optical properties. Its role in research and development highlights its importance in the discovery of new chemical entities for various industrial applications.