This chemical is primarily utilized in organic synthesis as a versatile intermediate for the development of various pharmaceuticals and agrochemicals. Its structure, featuring both a bromo and a hydroxyl group, makes it a valuable precursor in cross-coupling reactions, such as Suzuki or Sonogashira couplings, which are essential for constructing complex molecular frameworks. Additionally, it serves as a key building block in the synthesis of thiophene derivatives, which are often explored for their potential biological activities, including antimicrobial, anti-inflammatory, and anticancer properties. Its ester functionality further allows for modifications, enabling the creation of diverse compounds with tailored properties for specific applications.