This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active molecules, particularly in the synthesis of quinoline-based compounds. Its structure is often exploited to create potential drug candidates targeting specific diseases, such as anti-inflammatory, antimicrobial, or anticancer agents. Additionally, it is used in the study of fluorescence properties, contributing to the development of fluorescent probes and sensors for biochemical applications. Its versatility makes it valuable in medicinal chemistry and material science research.