Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various heterocyclic compounds. It is particularly valuable in the synthesis of quinolone derivatives, which are important in the development of pharmaceuticals, including antibiotics and anticancer agents. The compound's structure allows it to participate in cyclization reactions, forming complex ring systems essential for biological activity. Additionally, it is utilized in research settings to study reaction mechanisms and develop new synthetic methodologies. Its application extends to material science, where it contributes to the creation of novel organic materials with potential uses in electronics and photonics.