Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of anti-inflammatory and analgesic agents. Its structure allows for further functionalization, making it valuable in creating ester and ketone derivatives for drug research. Commonly employed in organic reactions such as nucleophilic substitutions and cyclization processes to build complex heterocyclic systems. Also utilized in the preparation of photoactive compounds due to the presence of the bromoacetyl group, which can participate in photochemical reactions.