This chemical is primarily utilized in organic synthesis as a building block for the preparation of more complex molecules. It serves as a key intermediate in the production of pharmaceuticals, particularly in the development of compounds with potential therapeutic effects. Its bromoethyl group makes it a valuable reagent for nucleophilic substitution reactions, enabling the introduction of various functional groups into target molecules. Additionally, it is employed in the synthesis of agrochemicals, where it contributes to the creation of active ingredients for crop protection. Its ester functionality also allows for further chemical modifications, making it versatile in the design of specialty chemicals and fine chemicals.