Used primarily in organic synthesis as an intermediate for the production of more complex chemical compounds. It plays a role in the development of pharmaceuticals, particularly in the creation of active pharmaceutical ingredients (APIs) with specific therapeutic properties. Additionally, it is employed in the research and development of agrochemicals, aiding in the formulation of herbicides or pesticides. Its structure allows for further functionalization, making it valuable in material science for designing advanced polymers or coatings. The compound’s bromine and ester groups make it a versatile building block in cross-coupling reactions, such as Suzuki or Heck reactions, which are widely used in medicinal and industrial chemistry.