Used as an intermediate in the synthesis of pharmaceuticals and agrochemicals, particularly in the development of fluorinated organic compounds. Its bromine and carboxylic acid functional groups allow for further chemical modifications, making it valuable in building complex molecules. Commonly employed in cross-coupling reactions and halogen exchange processes to introduce fluorine or bromine moieties into target structures. Also utilized in the preparation of bioactive molecules where fluorine substitution enhances metabolic stability and binding affinity.