This compound is primarily utilized in organic synthesis as an intermediate for the preparation of more complex molecules. It is often employed in pharmaceutical research for the development of active pharmaceutical ingredients (APIs), particularly in the synthesis of compounds with potential therapeutic properties. The presence of both the benzyloxy and bromo groups makes it a versatile building block in the construction of various heterocyclic compounds, which are common in drug discovery. Additionally, it can be used in the synthesis of agrochemicals, where it serves as a precursor for the development of pesticides or herbicides. Its ester functional group also allows for further chemical modifications, making it valuable in the production of fine chemicals and specialty materials.