This compound is primarily utilized in organic synthesis as a key intermediate for the development of more complex molecules. It is particularly valuable in the pharmaceutical industry for the preparation of biologically active compounds, including potential drug candidates. Its structure, featuring a bromo group and a carboxylate ester, allows for versatile chemical modifications, making it suitable for coupling reactions and further functionalization. Researchers often employ it in the synthesis of heterocyclic compounds, which are essential in the design of drugs targeting various diseases, such as cancer or neurological disorders. Additionally, it may be used in material science for the creation of specialized organic materials with unique properties.