This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals. Its structure is particularly valuable in the development of compounds with potential anti-inflammatory and antimicrobial properties. Additionally, it is employed in the synthesis of quinoline derivatives, which are studied for their applications in medicinal chemistry, including potential treatments for diseases such as cancer and infections. The compound's carboxylic acid group allows for further functionalization, making it a versatile building block in drug discovery and development processes.