Used as a key intermediate in the synthesis of pharmaceuticals and agrochemicals due to the presence of both bromo and iodo functional groups, which allow for selective cross-coupling reactions such as Suzuki or Heck reactions. Its ester group enables further derivatization, making it valuable in the development of complex organic molecules. Commonly employed in medicinal chemistry for constructing biaryl systems and in the preparation of receptor ligands or enzyme inhibitors. Also utilized in materials science for designing organic semiconductors and functionalized aromatic frameworks.