Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of heterocyclic compounds. Its bromine functionality allows for further derivatization through cross-coupling reactions, making it valuable in medicinal chemistry for building complex molecules. Also employed in the preparation of fluorescent dyes and polymers due to its aromatic ester structure, which can enhance photophysical properties. Commonly utilized in research settings for scaffold modification in drug discovery programs.