This chemical is primarily utilized in organic synthesis as an intermediate for the production of various pharmaceuticals and agrochemicals. Its structure, featuring a bromophenyl group, makes it valuable in the development of compounds with potential biological activity. It is often employed in cross-coupling reactions, such as Suzuki or Heck reactions, to create complex molecules. Additionally, it can serve as a building block in the synthesis of fine chemicals, dyes, and other specialty materials. Its ester groups also make it useful in polymer chemistry for modifying or enhancing material properties.