Used primarily in organic synthesis, this compound serves as a key intermediate in the production of more complex molecules. It plays a significant role in the development of pharmaceuticals, particularly in the creation of compounds with potential therapeutic effects. Researchers utilize it to synthesize quinoline derivatives, which are explored for their antimicrobial, anticancer, and anti-inflammatory properties. Additionally, it is employed in the study of chemical reactions and mechanisms, aiding in the advancement of medicinal chemistry and drug discovery. Its applications extend to material science, where it contributes to the development of novel organic materials with specific electronic or optical properties.