This chemical is primarily utilized in the field of organic synthesis as a key intermediate for the development of more complex heterocyclic compounds. Its unique structure, featuring both formyl and carboxylate functional groups, makes it a versatile building block in the synthesis of quinolizine derivatives, which are of significant interest in medicinal chemistry. Researchers often employ it to create potential drug candidates, particularly for targeting various biological pathways. Additionally, it has been explored in the design of novel fluorescent dyes and sensors due to its conjugated system, which can exhibit interesting photophysical properties. Its application extends to agrochemical research, where it serves as a precursor for developing compounds with potential pesticidal or herbicidal activities.