This chemical is primarily utilized in the field of organic synthesis as a key intermediate for the development of more complex compounds. Its structure, featuring a dihydrobenzodioxine ring, makes it valuable in the synthesis of pharmaceuticals, particularly in the creation of molecules with potential therapeutic effects. It is often employed in the design and production of drugs targeting neurological or cardiovascular systems due to its ability to interact with specific biological pathways. Additionally, its carboxylic acid group allows for further functionalization, enabling researchers to modify its properties for specific applications in medicinal chemistry. Beyond pharmaceuticals, it may also be explored in material science for the development of novel polymers or coatings with unique properties.