Used as a key intermediate in the synthesis of flavonoid-based pharmaceuticals, particularly in the development of anti-inflammatory and antioxidant agents. Its structure supports the formation of chromone and flavone derivatives, which are important in medicinal chemistry for their biological activities. Also employed in research for designing new kinase inhibitors and antimicrobial compounds. Shows potential in agrochemical applications as a building block for herbicides and fungicides due to its stable aromatic and diketone framework.