This compound is primarily used in organic synthesis as a versatile intermediate for the preparation of more complex molecules. It plays a significant role in pharmaceutical research, where it serves as a building block for the development of active pharmaceutical ingredients (APIs). Additionally, it is utilized in the synthesis of agrochemicals, contributing to the creation of herbicides, fungicides, and insecticides. Its bromo and chloro substituents make it a valuable reagent in cross-coupling reactions, such as Suzuki and Heck reactions, which are essential for constructing carbon-carbon bonds in synthetic chemistry. The ester functional group also allows for further modifications, enabling its use in the production of fine chemicals and specialty materials.