This compound is primarily utilized in organic synthesis as a key intermediate in the production of various pharmaceuticals and bioactive molecules. Its structure is particularly valuable in the development of quinoline-based compounds, which are known for their diverse biological activities, including antimicrobial, anticancer, and anti-inflammatory properties. Additionally, it serves as a building block in the synthesis of complex heterocyclic compounds, which are often explored for their potential in drug discovery and material science. Its ester functional group makes it a versatile reagent for further chemical modifications, enabling the creation of derivatives with tailored properties for specific applications.