This compound is primarily utilized in organic synthesis as a versatile building block for constructing more complex molecules. It serves as a key intermediate in the production of pharmaceuticals, particularly in the development of active pharmaceutical ingredients (APIs) that require specific halogenated aromatic structures. Its bromomethyl and chloro groups make it highly reactive, enabling it to participate in various substitution and coupling reactions, such as Suzuki or Buchwald-Hartwig reactions, to form carbon-carbon or carbon-heteroatom bonds. Additionally, it is employed in the synthesis of agrochemicals, where its structural features contribute to the creation of compounds with potential pesticidal or herbicidal properties. Its ester group also allows for further functionalization, making it a valuable precursor in the design of fine chemicals and specialty materials.