Used as an intermediate in the synthesis of pharmaceuticals and fine chemicals, particularly in the development of anti-inflammatory and analgesic agents. Its functional groups allow for easy modification in multi-step organic reactions, making it valuable in constructing complex molecules. Commonly employed in coupling reactions to form esters and amides for drug discovery research. Also utilized in the preparation of fluorescent probes and derivatives for biochemical labeling due to the presence of the bromine atom, which facilitates further functionalization via cross-coupling reactions.