This chemical is primarily utilized in organic synthesis as a versatile building block for the construction of complex molecules. It serves as a key intermediate in the development of pharmaceuticals, particularly in the synthesis of active pharmaceutical ingredients (APIs) that require halogenated aromatic compounds. Its unique combination of bromine and iodine atoms makes it valuable for cross-coupling reactions, such as Suzuki or Sonogashira couplings, which are essential for creating carbon-carbon bonds in drug discovery and material science. Additionally, it is employed in the preparation of agrochemicals and specialty chemicals, where halogenated aromatic esters play a critical role in enhancing biological activity and stability.