Used primarily as an intermediate in organic synthesis, this compound serves in the preparation of pharmaceuticals and agrochemicals due to its reactive bromine and ester functionalities. The bromine atom allows for cross-coupling reactions, such as Suzuki or Heck reactions, enabling the construction of complex organic molecules. The ester group can be hydrolyzed to form carboxylic acids or reduced to alcohols, offering versatility in building blocks for fine chemicals. It is also employed in the synthesis of flavor and fragrance compounds, where structural modification enhances sensory properties. Its alkyl chain length contributes to lipophilicity, making it useful in designing biologically active molecules with improved membrane permeability.