This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various acridine derivatives, which are known for their biological activities. These derivatives are often explored for their potential as therapeutic agents, particularly in the treatment of neurological disorders and infections. The compound's structure allows for modifications that can enhance its binding affinity to specific biological targets, making it valuable in drug discovery and development processes. Additionally, it is studied for its potential role in inhibiting enzymes or receptors implicated in disease pathways, contributing to the development of new pharmacological treatments.