This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting specific enzymes or receptors. Its structure, featuring both a pyridine and benzoic acid moiety, makes it valuable for designing drugs with potential anti-inflammatory, analgesic, or anticancer properties. Researchers often explore its derivatives for their ability to modulate cellular pathways or inhibit protein interactions. Additionally, it has been investigated for its role in developing fluorescent probes or imaging agents due to its aromatic and electron-rich characteristics. Its applications are largely focused on advancing therapeutic and diagnostic innovations.