This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. Its quinazolinone core structure is particularly valuable in the development of pharmaceutical agents, especially those targeting enzymes and receptors involved in disease pathways. It is often employed in the creation of potential anticancer, antimicrobial, and anti-inflammatory compounds due to its ability to interact with specific biological targets. Additionally, its chloromethyl group provides a reactive site for further chemical modifications, enabling the design of diverse derivatives with tailored pharmacological properties. Researchers also explore its use in the development of fluorescent probes and diagnostic agents, leveraging its structural features for specific binding and detection applications.