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 enzyme inhibition. Its quinazolinone core structure is known for its potential in developing drugs with anticancer, antimicrobial, and anti-inflammatory properties. Researchers often modify its structure to enhance binding affinity and selectivity for specific biological targets, such as kinases or receptors. Additionally, it is explored in the development of fluorescent probes for biochemical studies due to its unique photophysical properties. Its applications also extend to material science, where it is investigated for its potential in organic electronic devices.