Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and bioactive molecules. Its structure allows for the introduction of the benzodioxane moiety into more complex molecules, which is valuable in drug development. Specifically, it is employed in the synthesis of compounds with potential therapeutic effects, such as those targeting neurological disorders or cardiovascular diseases. Additionally, it can be utilized in the preparation of agrochemicals, contributing to the development of new pesticides or herbicides. Its reactivity makes it a versatile building block in medicinal chemistry and material science research.