Primarily used in organic synthesis, this compound serves as an intermediate in the production of various pharmaceuticals and agrochemicals. Its bromine and carboxylic acid functional groups make it a versatile building block for constructing more complex molecules. It is often employed in the development of active pharmaceutical ingredients (APIs) due to its ability to introduce specific structural motifs into drug candidates. Additionally, it can be utilized in research for studying chemical reactions and mechanisms involving aromatic compounds. Its applications also extend to material science, where it may be used in the synthesis of specialized polymers or coatings.