This compound is primarily utilized in the synthesis of various pharmaceutical intermediates, particularly in the development of drugs targeting neurological and inflammatory conditions. Its structure is often employed in the creation of quinoline-based compounds, which are known for their biological activity. Additionally, it serves as a key building block in organic synthesis, enabling the production of complex molecules for research and industrial applications. Its methoxy and carboxylate functional groups make it a versatile reagent in medicinal chemistry and drug discovery processes.