This compound is primarily used in organic synthesis as an intermediate for the production of more complex chemical structures. Its bromine atom makes it a valuable reagent in coupling reactions, such as those used in the synthesis of pharmaceuticals or agrochemicals. The ester group in the molecule allows for further functionalization, enabling the creation of esters, amides, or carboxylic acids through hydrolysis or transesterification. Additionally, it can be employed in the development of fragrances or flavors due to its ester functionality, which often contributes to pleasant aromas. Its role in research and development is significant, particularly in the exploration of new chemical entities for various industrial applications.