This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active molecules, particularly those with potential therapeutic properties. Its structural features make it valuable in the synthesis of quinoline derivatives, which are often explored for their antimicrobial, anti-inflammatory, and anticancer activities. Additionally, it is employed in the study of enzyme inhibition and receptor binding, contributing to the design of novel drugs targeting specific biological pathways. Its applications also extend to material science, where it is used in the preparation of organic compounds with unique electronic or optical properties.