This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various quinoline derivatives, which are known for their broad spectrum of biological activities. These derivatives are often explored for their potential as antimicrobial, antifungal, and anticancer agents. Additionally, the compound is used in the development of new drugs targeting specific enzymes or receptors, contributing to advancements in therapeutic treatments. Its structural framework is valuable in designing molecules with improved efficacy and reduced side effects.