Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and bioactive molecules. Its benzyloxy group makes it a versatile building block for constructing complex structures, particularly in the development of quinolone-based drugs. It is also employed in research settings to study the properties and reactivity of quinoline derivatives, aiding in the discovery of new therapeutic agents. Additionally, it finds application in the synthesis of fluorescent dyes and sensors due to its inherent aromatic and heterocyclic properties.