This compound is primarily utilized in organic synthesis as a key intermediate for the production of various pharmaceuticals and agrochemicals. Its structure, featuring a 2,3-dihydrobenzo[b][1,4]dioxine ring, makes it a valuable building block for developing compounds with potential biological activity. It is often employed in the synthesis of herbicides, fungicides, and other crop protection agents due to its ability to enhance the efficacy and stability of these products. Additionally, it finds application in the development of bioactive molecules for medicinal chemistry, particularly in the design of drugs targeting neurological and cardiovascular disorders. Its versatility in chemical reactions, such as esterification and cyclization, further broadens its utility in research and industrial applications.