This chemical is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various bioactive compounds. It serves as a building block for the development of quinolone-based antibiotics, which are effective against a wide range of bacterial infections. Additionally, it is employed in the creation of anti-inflammatory and anticancer agents due to its structural versatility and ability to interact with biological targets. Its applications also extend to agrochemical research, where it is used to develop novel pesticides and herbicides. The compound's unique chemical properties make it valuable in organic synthesis, particularly in the construction of complex heterocyclic frameworks.