This compound is primarily used in organic synthesis as a versatile intermediate for the preparation of various quinoline derivatives. Its structure allows for modifications that are valuable in the development of pharmaceuticals, particularly in the creation of compounds with potential antimicrobial, anticancer, or anti-inflammatory properties. Additionally, it serves as a key building block in the synthesis of fluorescent dyes and probes, which are essential in biochemical research for imaging and diagnostic applications. Its reactivity also makes it useful in the study of chemical reactions involving quinoline-based systems.