Used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. It serves as a building block for creating more complex molecules due to its reactive bromine and ester functional groups. Commonly employed in cross-coupling reactions, such as Suzuki or Heck reactions, to form carbon-carbon bonds. Also utilized in the development of liquid crystal materials and specialty polymers. Its stability and reactivity make it valuable in research and industrial applications for designing new compounds.