This chemical is primarily used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. Its structure allows it to participate in various reactions, such as nucleophilic substitution, making it valuable for constructing complex molecules. It is often employed in the development of active pharmaceutical ingredients (APIs) where the bromomethyl and ester functional groups can be modified to introduce specific properties or enhance biological activity. Additionally, it serves as a building block in the synthesis of fine chemicals and specialty compounds used in research and industrial applications.