This compound is primarily utilized in organic synthesis as a versatile building block for the development of more complex chemical structures. Its presence of bromine and fluorine atoms makes it particularly valuable in cross-coupling reactions, such as Suzuki or Buchwald-Hartwig couplings, which are essential in pharmaceutical and agrochemical research. Additionally, the ester functional group allows for further chemical modifications, enabling the creation of diverse derivatives. It is also employed in the synthesis of fluorinated aromatic compounds, which are of interest due to their unique properties in material science and drug design.