This compound is primarily utilized in organic synthesis as an intermediate for the preparation of more complex molecules. Its functional groups, including the bromomethyl and ester moieties, make it a versatile building block in the development of pharmaceuticals, agrochemicals, and specialty chemicals. It is particularly valuable in cross-coupling reactions and as a precursor for the synthesis of biologically active compounds. Additionally, its structure allows for further modifications, enabling the creation of diverse chemical entities for research and industrial applications.