This compound is primarily utilized in organic synthesis as a versatile intermediate. Its structure, featuring both bromomethyl and iodo substituents, makes it a valuable building block for constructing complex molecules, particularly in pharmaceutical research. The bromomethyl group is highly reactive and can participate in nucleophilic substitution reactions, enabling the introduction of various functional groups. The iodo substituent is useful in cross-coupling reactions, such as Suzuki or Sonogashira couplings, which are essential for creating carbon-carbon bonds in drug development. Additionally, the ester group provides a handle for further derivatization, making it a flexible precursor in the synthesis of biologically active compounds. Its applications are particularly relevant in the preparation of heterocycles and other aromatic systems used in medicinal chemistry.