This compound is primarily utilized in the field of organic synthesis, particularly as a versatile intermediate in the development of more complex chemical structures. Its unique structure, featuring both bromo and carboxylate functional groups, makes it a valuable building block for the construction of heterocyclic compounds, which are often explored for their potential biological activities.

In medicinal chemistry, it serves as a key precursor in the synthesis of pharmacologically active molecules. Researchers leverage its reactivity to introduce modifications that can lead to the discovery of new drugs, especially those targeting specific enzymes or receptors. Its application extends to the development of compounds with potential antimicrobial, antiviral, or anticancer properties.

Additionally, this chemical is employed in material science for the design of novel organic materials. Its incorporation into polymers or coatings can impart specific properties, such as enhanced stability or functionality, making it useful in advanced technological applications. Overall, its role as an intermediate in various chemical processes underscores its importance in both pharmaceutical and material research.