Used primarily in organic synthesis, this compound serves as a key intermediate in the production of pharmaceuticals and agrochemicals. Its structure is particularly valuable in the development of active pharmaceutical ingredients (APIs) due to the presence of both bromine and carboxylic acid groups, which allow for further functionalization. It is also employed in the synthesis of heterocyclic compounds, which are often utilized in drug discovery and development processes. Additionally, its applications extend to materials science, where it contributes to the creation of specialized polymers and organic electronic materials.