This compound is primarily utilized in organic synthesis, particularly as an intermediate in the production of more complex molecules. It is often employed in the development of pharmaceuticals, where its structure can be modified to create active ingredients for various therapeutic applications. Additionally, it serves as a key building block in the synthesis of heterocyclic compounds, which are widely used in medicinal chemistry for their diverse biological activities. Its bromo and ester functional groups make it a versatile reagent in coupling reactions and other transformations, enabling the creation of novel chemical entities with potential applications in drug discovery and material science.