This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmaceutical agents. Its structure is particularly valuable in the development of quinoline-based drugs, which are known for their diverse biological activities. It plays a significant role in the creation of compounds with potential anti-malarial, anti-bacterial, and anti-cancer properties. Additionally, its derivatives are explored for their efficacy in treating neurological disorders due to their ability to interact with specific biological targets. Researchers also investigate its use in the design of fluorescent probes for biochemical studies, leveraging its unique chemical properties for analytical applications.