This passage of Scripture was understood to be a prophetic description of the person and purpose of Jesus Christ from the earliest days of the Christian Church. Surely Christ Himself must have taught it to the two disciples on the Road to Emmaus (although no specific Scripture is referenced). However, we do know for sure that Philip interpreted Isaiah 53:7,8 along with the surrounding text as prophetic of Christ, “Then Philip began with that very passage of Scripture and told him the good news about Jesus.” (Acts 8:35). It has also been noted that this is the most quoted Old Testament passage in the New Testament.
Many modern biblical scholars have proposed that “the servant” should be interpreted as the nation of Israel while it was in the exile. While it stands to reason that those who don’t accept Christ as Lord and Savior will insist on alternate interpretations, it is strikingly curious that those who claim to would place themselves above the testimony of those who walked with the incarnated and resurrected Christ on this point.