This compound is primarily utilized in organic synthesis as an intermediate for the production of various pharmaceuticals and agrochemicals. Its structure, featuring a bromophenyl group, makes it a valuable precursor in the development of compounds with potential biological activity. It is often employed in cross-coupling reactions, such as Suzuki or Heck reactions, to create more complex molecules. Additionally, it can be used in the synthesis of fine chemicals and specialty materials, where its ester functionality allows for further chemical modifications. Researchers also explore its potential in the development of new therapeutic agents, particularly in the fields of anti-inflammatory and antimicrobial drugs.