This compound is primarily utilized in organic synthesis as an intermediate for the production of various pharmaceuticals and fine chemicals. Its structure, featuring a bromophenyl group, makes it valuable for cross-coupling reactions, such as Suzuki or Heck reactions, which are essential in creating complex organic molecules. Additionally, it serves as a building block in the development of liquid crystals and agrochemicals, where its aromatic and ester functionalities play a key role in enhancing desired properties. Its application extends to research laboratories for studying reaction mechanisms and developing novel synthetic pathways.