This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various pharmacologically active molecules. Its structure is particularly valuable in the development of fluoroquinolone antibiotics, which are widely used to treat bacterial infections. The presence of the fluorine atom enhances the compound's ability to interact with bacterial enzymes, improving the efficacy of the resulting antibiotics. Additionally, it serves as a building block in the creation of compounds with potential anticancer and anti-inflammatory properties, making it a versatile component in drug discovery and development.