This compound is primarily utilized in organic synthesis as a key intermediate for the development of more complex molecules. Its structure, featuring a bromo and fluoro substituent on the phenyl ring, makes it valuable in the synthesis of pharmaceuticals, particularly in the creation of compounds with potential biological activity. The ethyl ester group enhances its reactivity, allowing it to participate in various coupling reactions, such as Suzuki or Heck reactions, which are essential in constructing carbon-carbon bonds. Additionally, it can be used in the preparation of liquid crystals or organic electronic materials due to its conjugated system, which contributes to electronic properties. Its applications also extend to agrochemical research, where it may serve as a building block for developing new active ingredients.