Used primarily in pharmaceutical research, this compound serves as a key intermediate in the synthesis of various biologically active molecules. Its structure is particularly valuable in the development of potential anticancer and antimicrobial agents, as the nitro and halogen groups enhance its reactivity and binding affinity to target proteins. Additionally, it is employed in organic synthesis to create complex quinoline derivatives, which are studied for their therapeutic properties. Researchers also utilize it in the design of fluorescent probes for biochemical assays, leveraging its unique photophysical properties.