This compound is primarily utilized in organic synthesis as a versatile building block for the development of more complex chemical structures. It is often employed in the pharmaceutical industry for the creation of drug candidates, particularly in the synthesis of heterocyclic compounds that exhibit biological activity. Its bromo and ester functional groups make it a valuable intermediate in cross-coupling reactions, such as Suzuki or Buchwald-Hartwig reactions, which are essential for constructing carbon-carbon or carbon-nitrogen bonds. Additionally, it serves as a precursor in the synthesis of pyrazolo[1,5-a]pyridine derivatives, which are explored for their potential therapeutic applications, including anti-inflammatory, anticancer, and antimicrobial properties. Its role in medicinal chemistry research underscores its importance in the discovery and development of new drugs.