Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various drugs, particularly those targeting bacterial infections. Its structure is valuable in developing antibiotics, especially quinolone derivatives, which are effective against a broad spectrum of pathogens. Additionally, it is utilized in the study of enzyme inhibition, helping researchers understand and design molecules that can block specific enzymatic activities. Its applications extend to material science, where it contributes to the development of organic electronic materials due to its unique heterocyclic properties.