This compound is primarily utilized in organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various bioactive molecules, particularly in the synthesis of quinoline derivatives. These derivatives are often explored for their potential therapeutic applications, including antimicrobial, anticancer, and anti-inflammatory properties. Additionally, it is used in the preparation of complex chemical structures for drug discovery and development, aiding in the creation of new compounds with enhanced biological activity. Its role in medicinal chemistry is significant due to its structural versatility and reactivity.