Used as an intermediate in organic synthesis, particularly in the preparation of pharmaceuticals and agrochemicals. Its structure allows for further functionalization, making it valuable in constructing heterocyclic compounds. Commonly employed in cross-coupling reactions such as Suzuki and Heck reactions to form carbon-carbon bonds. Also utilized in the development of bioactive molecules and functional materials due to the presence of both bromine and carboxylic acid groups, which offer multiple reaction sites.