Used primarily in organic synthesis, this compound serves as a key intermediate in the production of pharmaceuticals and agrochemicals. Its functional groups, including the formyl and ester moieties, make it versatile for further chemical modifications, such as coupling reactions or transformations into heterocyclic compounds. It is particularly valuable in the development of active ingredients for drugs targeting specific biological pathways. Additionally, it finds application in material science for creating specialized polymers or coatings with tailored properties. Its bromo substituent allows for further functionalization through cross-coupling reactions, enhancing its utility in complex synthetic routes.