Used in organic synthesis as a key intermediate for the production of pharmaceuticals and agrochemicals. It is particularly valuable in the development of active pharmaceutical ingredients (APIs) due to its bromine and ester functional groups, which allow for further chemical modifications. Additionally, it serves as a building block in the synthesis of complex molecules, including heterocyclic compounds, which are essential in drug discovery and development. Its application extends to the creation of ligands for catalytic processes in industrial chemistry.