This compound is primarily utilized in pharmaceutical research and development, particularly as a key intermediate in the synthesis of biologically active molecules. Its structure is valuable in the creation of compounds targeting various therapeutic areas, including oncology and neurology. Researchers often employ it in the design of inhibitors or modulators for specific enzymes or receptors, leveraging its bromo and ester functional groups for further chemical modifications. Additionally, it serves as a building block in the preparation of complex heterocyclic compounds, which are essential in drug discovery efforts. Its application is critical in advancing the development of novel drugs with potential therapeutic benefits.