Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. It is particularly valuable in the development of compounds targeting neurological disorders, due to its structural similarity to quinoline derivatives known for their neuroactive properties. Additionally, it is utilized in organic synthesis to create complex heterocyclic compounds, which are often explored for their potential therapeutic applications. Its role in medicinal chemistry is significant, as it aids in the discovery and optimization of new drug candidates.