This compound is primarily utilized in the synthesis of various pharmacologically active molecules. It serves as a key intermediate in the production of antimalarial drugs, particularly those derived from the quinoline family. Its structural framework is essential for creating compounds that target parasitic infections. Additionally, it is employed in the development of organic light-emitting diodes (OLEDs) due to its ability to form stable, luminescent materials. In research, it is used to study and design new chemical entities with potential therapeutic applications, especially in the fields of infectious diseases and material science.