This compound is primarily used in organic synthesis as an intermediate for the production of more complex chemical structures. It is particularly valuable in the pharmaceutical industry for the development of active pharmaceutical ingredients (APIs) due to its reactive bromine and ester functional groups, which allow for further chemical modifications. Additionally, it finds application in the synthesis of agrochemicals, where it serves as a building block for creating compounds with pesticidal or herbicidal properties. Its versatility in chemical reactions, such as cross-coupling and esterification, makes it a useful reagent in research and industrial settings for designing and testing new molecules.