This compound is primarily utilized in organic synthesis as an intermediate for the preparation of more complex chemical structures. Its bromine atom makes it a valuable reagent for cross-coupling reactions, such as Suzuki or Heck reactions, which are essential in the development of pharmaceuticals and advanced materials. Additionally, the tert-butyl ester group provides stability and can be selectively removed or modified, enabling its use in the synthesis of naphthalene derivatives with specific functional properties. It is also employed in research settings for studying reaction mechanisms and developing novel organic compounds.