This chemical is primarily utilized in the field of organic synthesis as a versatile intermediate. It plays a crucial role in the development of pharmaceutical compounds, particularly in the synthesis of biologically active molecules. Its structure is often leveraged to create pyrazolo[1,5-a]pyridine derivatives, which are explored for their potential therapeutic applications, including anti-inflammatory, anticancer, and antimicrobial activities. Additionally, it is used in research settings to study chemical reactions and pathways involving heterocyclic compounds, aiding in the discovery of novel drug candidates. Its bromo and ester functional groups make it a valuable building block for further chemical modifications.