This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. It serves as a building block for the development of quinoline-based pharmaceuticals, which are known for their antimicrobial, anti-inflammatory, and anticancer properties. Researchers often modify its structure to enhance its pharmacological activity and selectivity for specific biological targets. Additionally, it finds application in organic synthesis for creating complex heterocyclic compounds, which are valuable in drug discovery and material science. Its versatility and reactivity make it a crucial component in the development of novel therapeutic agents.