This compound is primarily utilized in organic synthesis as a key intermediate for the preparation of various biologically active molecules. It serves as a building block in the development of pharmaceuticals, particularly in the synthesis of quinoline derivatives, which are known for their antimicrobial, anti-inflammatory, and anticancer properties. Additionally, it is employed in research settings to explore novel chemical reactions and pathways, contributing to the advancement of medicinal chemistry and drug discovery. Its structural features make it valuable for designing compounds with potential therapeutic applications.