This chemical is primarily used in organic synthesis as an intermediate in the production of more complex molecules. It is often employed in pharmaceutical research for the development of active pharmaceutical ingredients (APIs) due to its bromophenyl group, which can facilitate further functionalization. Additionally, it serves as a building block in the synthesis of agrochemicals, where its structure can be modified to create compounds with specific biological activities. Its ester group also makes it useful in polymer chemistry, where it can act as a monomer or additive to modify material properties. Overall, it is a versatile reagent in various chemical industries.