Used primarily in pharmaceutical research and development, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the creation of indazole-based compounds, which are explored for their potential therapeutic applications, including anti-inflammatory, anticancer, and antimicrobial agents. Additionally, it is employed in organic synthesis to construct complex heterocyclic frameworks, aiding in the discovery of new drug candidates. Its bromo and ester functional groups make it a versatile building block for further chemical modifications.