This compound is primarily utilized in the field of organic synthesis, where it serves as a versatile intermediate for the development of more complex molecules. Its structure, featuring both bromo and chloro substituents, makes it particularly valuable in cross-coupling reactions, such as Suzuki or Buchwald-Hartwig couplings, which are essential in the construction of pharmaceuticals and agrochemicals. Additionally, the presence of the ester group allows for further functionalization through hydrolysis or transesterification, enabling the synthesis of carboxylic acids or other ester derivatives. Researchers also leverage this compound in the preparation of heterocyclic compounds, which are often key components in drug discovery and material science. Its reactivity and stability make it a useful building block in medicinal chemistry for designing biologically active molecules.