Used in organic synthesis as a building block for creating more complex compounds, particularly in the development of pharmaceuticals. It serves as a precursor in the synthesis of quinoline derivatives, which are explored for their potential therapeutic properties, including antimicrobial, anticancer, and anti-inflammatory activities. Additionally, it finds application in research for designing fluorescent probes and sensors due to its unique structural properties. Its role in material science is also notable, where it contributes to the development of advanced materials with specific electronic or optical characteristics.