This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active molecules, particularly in the synthesis of quinoline-based derivatives. These derivatives are often explored for their potential therapeutic properties, including antimicrobial, antifungal, and anti-inflammatory activities. Additionally, it is studied for its role in the creation of novel compounds that may act as enzyme inhibitors or receptor modulators, contributing to advancements in drug discovery and medicinal chemistry.