This compound is primarily utilized in organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active molecules, particularly those targeting therapeutic applications. Its structure is often leveraged in the synthesis of quinoline derivatives, which are known for their antimicrobial, anti-inflammatory, and anticancer properties. Researchers also explore its potential in designing enzyme inhibitors and other small-molecule drugs due to its unique chemical framework. Additionally, it may be employed in material science for the development of advanced organic materials with specific electronic or optical properties.