This compound is primarily utilized in organic synthesis as a versatile intermediate for the development of more complex chemical structures. It is particularly valuable in the pharmaceutical industry, where it serves as a building block for the synthesis of various bioactive molecules, including potential drug candidates. The presence of both the bromo and ester functional groups allows for further chemical modifications, such as cross-coupling reactions or nucleophilic substitutions, enabling the creation of diverse derivatives. Additionally, it finds application in agrochemical research for the design and synthesis of novel pesticides or herbicides. Its role in material science is also noteworthy, where it can be used to develop specialized polymers or coatings with unique properties.