This compound is primarily utilized in organic synthesis as a key intermediate for the preparation of various biologically active molecules. It is particularly valuable in the development of pharmaceuticals, where it serves as a building block for the synthesis of compounds with potential therapeutic effects. Its structure, featuring a hydroxyl group and a carboxylate ester, allows for further functionalization, making it versatile in medicinal chemistry. Additionally, it may be used in research settings to study the properties and reactivity of isoquinoline derivatives, which are of interest due to their presence in numerous natural products and drugs.