This compound is primarily utilized in organic synthesis as a building block for the development of more complex molecules. It is often employed in the pharmaceutical industry for the creation of drug candidates, particularly those targeting specific biological pathways. Its structure, featuring both a bromine atom and a carboxylic acid group, makes it a versatile intermediate in coupling reactions, such as Suzuki or Heck reactions, which are essential for constructing aromatic systems. Additionally, it can be used in the synthesis of heterocyclic compounds, which are common in agrochemicals and materials science. Its application extends to research settings where it serves as a precursor for studying structure-activity relationships in medicinal chemistry.