This chemical is primarily utilized in organic synthesis as a versatile building block for the preparation of more complex molecules. It serves as an intermediate in the production of pharmaceuticals, agrochemicals, and specialty chemicals. The presence of the bromine atom makes it a reactive site for further functionalization, enabling the creation of carbon-carbon or carbon-heteroatom bonds through substitution or coupling reactions. Additionally, the ester group can be hydrolyzed or transformed into other functional groups, expanding its utility in synthetic pathways. Its application is particularly valuable in the development of active pharmaceutical ingredients (APIs) and fine chemicals where precise molecular modifications are required.