This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research due to its potential biological activities. It serves as a key intermediate in the synthesis of various quinoline derivatives, which are known for their antimicrobial, anti-inflammatory, and anticancer properties. Researchers explore its structure to develop novel therapeutic agents targeting specific diseases. Additionally, it may be used in the development of organic light-emitting diodes (OLEDs) and other advanced materials due to its unique electronic properties. Its application in agrochemical research is also notable, as it can be a precursor for compounds with pesticidal or herbicidal activities.