This compound is primarily utilized in the field of organic synthesis, particularly as an intermediate in the production of more complex chemical structures. It plays a significant role in the development of pharmaceuticals, where it is often incorporated into the synthesis of active pharmaceutical ingredients (APIs) that target various diseases. Additionally, it is used in research settings to study chemical reactions and mechanisms, aiding in the discovery of new drugs and therapeutic agents. Its bromo and ester functional groups make it a versatile building block for constructing diverse molecular frameworks in medicinal chemistry.