This compound is primarily utilized in pharmaceutical research and development, particularly in the synthesis of bioactive molecules. Its structure makes it a valuable intermediate in the creation of various heterocyclic compounds, which are often explored for their potential therapeutic properties. Researchers focus on its application in designing drugs that target specific biological pathways, such as those involved in inflammation, cancer, or neurological disorders. Additionally, its bromo and ester functional groups allow for further chemical modifications, enabling the development of diverse derivatives with tailored pharmacological activities. This compound is also of interest in medicinal chemistry for optimizing drug candidates with improved efficacy and reduced side effects.