Used primarily in organic synthesis, this compound serves as an intermediate in the production of pharmaceuticals and agrochemicals. Its structure, featuring a bromophenyl group, makes it valuable in cross-coupling reactions, such as Suzuki or Heck reactions, which are pivotal in creating complex organic molecules. Additionally, it is employed in the development of fine chemicals and specialty materials, where its ester and aromatic functionalities contribute to the desired chemical properties. Researchers also utilize it in studies focused on designing and optimizing new chemical entities with potential biological activity.