Used primarily as an intermediate in organic synthesis, this compound serves in the preparation of pharmaceuticals and agrochemicals. Its bromine functionality allows for substitution reactions, making it useful in constructing carbon-carbon bonds. It is also employed in the development of ester-based derivatives for research in polymer chemistry and as a building block in the synthesis of bioactive molecules. Due to its reactivity, it is valuable in laboratory-scale reactions requiring selective alkylation or functional group transformations.