Used in organic synthesis as a key intermediate for constructing biologically active molecules, particularly in Suzuki-Miyaura cross-coupling reactions to form carbon-carbon bonds. Its boronic acid functionality enables the preparation of chromane-based compounds that exhibit antioxidant, anti-inflammatory, and neuroprotective properties. Commonly applied in pharmaceutical research for developing drug candidates targeting oxidative stress-related diseases. Also utilized in the synthesis of fluorescent probes and functional materials due to its stable heterocyclic structure and reactivity profile.