Used primarily in organic synthesis, this compound serves as a key intermediate in the production of pharmaceuticals and agrochemicals. Its structure allows for further functionalization, making it valuable in constructing complex molecules. It is often employed in coupling reactions and as a building block for active pharmaceutical ingredients (APIs). Additionally, it finds application in the development of dyes and pigments due to its aromatic and reactive bromo and ester groups. Its versatility in chemical transformations makes it a useful reagent in research and industrial settings.