This compound is primarily utilized in organic synthesis as a versatile intermediate for constructing complex molecules. Its bromomethyl group is highly reactive, making it suitable for nucleophilic substitution reactions, which are essential in the development of pharmaceuticals, agrochemicals, and specialty chemicals. Additionally, it serves as a key building block in the synthesis of heterocyclic compounds, which are widely used in medicinal chemistry for drug discovery. The ester functional group further enhances its utility by allowing for subsequent transformations, such as hydrolysis or reduction, to yield desired products. Its applications also extend to materials science, where it can be used in the preparation of polymers and advanced materials with specific properties.