Used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of kinase inhibitors for cancer treatment. It serves as a building block in medicinal chemistry due to its ability to participate in cross-coupling reactions and form biaryl structures common in bioactive molecules. Also employed in research settings to design and optimize new drug candidates targeting inflammatory diseases and tumors. Its bromo and ester functionalities allow for further chemical modifications, making it valuable in structure-activity relationship studies.