This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research due to its potential biological activity. It serves as a key intermediate in the synthesis of more complex molecules, particularly those targeting enzyme inhibition or receptor modulation. Its oxirane (epoxide) ring makes it a valuable building block for creating derivatives with enhanced pharmacological properties. Researchers often explore its use in developing anticancer, anti-inflammatory, or antimicrobial agents, leveraging its quinolinone core for interaction with biological targets. Additionally, its benzyloxy group provides a handle for further chemical modifications, enabling the design of compounds with improved selectivity and efficacy.