Croverin is widely used in the pharmaceutical industry as an intermediate in the synthesis of anticoagulant and anti-inflammatory drugs. Its unique molecular structure allows for high reactivity in coupling reactions, making it valuable in developing active pharmaceutical ingredients (APIs). It is also employed in research settings for studying enzyme inhibition, particularly in cardiovascular and metabolic disease models. Additionally, Croverin serves as a building block in the preparation of specialty polymers used in medical devices due to its biocompatibility and stability under physiological conditions.