Used primarily as an intermediate in organic synthesis, this compound is essential in the production of pharmaceuticals, agrochemicals, and specialty chemicals. It is often employed in the formation of amides and esters through reactions with amines or alcohols, respectively. Its bromophenyl group makes it valuable for creating complex molecules in drug discovery and development. Additionally, it is utilized in research settings for studying reaction mechanisms and developing new synthetic pathways. The compound’s reactivity with nucleophiles makes it a versatile building block in fine chemical manufacturing.