This chemical is primarily utilized in organic synthesis as a versatile intermediate for the development of more complex molecules. It is particularly valuable in pharmaceutical research, where it serves as a building block for the creation of compounds with potential therapeutic properties. The presence of both the bromo and carboxylate groups allows for further functionalization through various chemical reactions, such as cross-coupling or nucleophilic substitution. This makes it a key component in the synthesis of heterocyclic compounds, which are often explored for their biological activity, including applications in drug discovery for treating diseases like cancer, inflammation, or neurological disorders. Additionally, its stability and reactivity make it suitable for use in medicinal chemistry for the design and optimization of drug candidates.