This compound is primarily utilized in biochemical research due to its unique structure and properties. It serves as a key intermediate in the synthesis of complex molecules, particularly those involved in studying enzyme interactions and receptor binding. Its hydroxyquinoline moiety makes it valuable in fluorescence-based assays, where it can act as a probe to detect metal ions or monitor biochemical processes. Additionally, it is explored in medicinal chemistry for developing potential therapeutic agents, especially in targeting diseases related to oxidative stress or inflammation. Its dihydrochloride form enhances solubility, making it more suitable for experimental applications in aqueous environments.