This compound is primarily utilized in organic synthesis, particularly in the development of pharmaceuticals and biologically active molecules. It serves as a key intermediate in the preparation of various heterocyclic compounds, which are often explored for their potential therapeutic properties. Its structure is valuable in medicinal chemistry for designing molecules that may interact with specific biological targets, such as enzymes or receptors. Researchers also employ it in the synthesis of novel compounds for studying structure-activity relationships, aiding in the discovery of new drugs. Additionally, its bromo and ester functional groups make it a versatile building block for further chemical modifications, enabling the creation of diverse derivatives with potential applications in drug development and chemical research.