This compound is primarily utilized in organic synthesis as a key intermediate for the preparation of various biologically active molecules. It is particularly valuable in the synthesis of pharmaceutical agents, where its bromine and ester functional groups enable further chemical modifications. The presence of the methoxyphenyl group enhances its utility in creating compounds with potential therapeutic properties, such as anti-inflammatory or antimicrobial agents. Additionally, it serves as a building block in the development of agrochemicals, contributing to the creation of pesticides or herbicides. Its reactivity also makes it suitable for use in research laboratories for exploring new chemical reactions or pathways.