This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting enzyme inhibition. Its structure is often incorporated into the development of quinazoline derivatives, which are known for their potential therapeutic applications. These derivatives are explored for their efficacy in treating conditions such as cancer, inflammation, and microbial infections. Additionally, its carboxylic acid group allows for further functionalization, making it a versatile building block in drug design and optimization processes. Researchers also study its role in modulating specific biochemical pathways, contributing to the discovery of novel therapeutic agents.