This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. Its structure serves as a building block for the development of pharmaceutical agents, particularly those targeting enzymes or receptors involved in disease pathways. It is often employed in the creation of inhibitors for specific proteins, contributing to drug discovery efforts for conditions such as cancer, inflammation, and neurological disorders. Additionally, its carboxylic acid group allows for further functionalization, making it a versatile component in organic synthesis. Researchers also explore its potential in designing fluorescent probes or imaging agents due to its unique isoquinoline scaffold.