This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of quinoline-based pharmaceuticals, which are known for their antimicrobial, anticancer, and anti-inflammatory properties. Researchers often employ it to create derivatives that can be screened for potential therapeutic effects, especially in targeting infectious diseases and certain types of cancer. Additionally, its unique chemical framework makes it a useful building block in organic synthesis for constructing complex heterocyclic compounds with potential applications in drug discovery and development.