This chemical is primarily utilized in the field of pharmaceutical research and development. It serves as a key intermediate in the synthesis of various bioactive compounds and drug candidates. Its structure makes it valuable for creating molecules with potential anti-inflammatory, analgesic, or other therapeutic properties. Additionally, it is used in organic chemistry laboratories for studying reaction mechanisms and developing novel synthetic pathways. Its bromo and acetic acid functional groups allow for further chemical modifications, making it a versatile building block in medicinal chemistry.