This compound is primarily utilized in organic synthesis as a versatile building block for the preparation of various complex molecules. It serves as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs). Its reactive bromo, ester, and keto functional groups make it suitable for further chemical transformations, such as nucleophilic substitution or coupling reactions. Additionally, it is employed in the production of agrochemicals, where it contributes to the creation of herbicides or pesticides. Its role in research and development is significant, particularly in the exploration of new chemical entities and the optimization of synthetic routes.