This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of more complex quinoline derivatives. These derivatives are often explored for their potential pharmacological activities, including antimicrobial, anticancer, and anti-inflammatory properties. Additionally, it is employed in the development of fluorescent dyes and markers due to its structural properties, which can be modified to enhance luminescence. In research settings, it is used to study reaction mechanisms and to develop new synthetic pathways for quinoline-based compounds. Its versatility makes it a valuable component in both industrial and academic chemistry applications.