Used as an intermediate in Suzuki-Miyaura cross-coupling reactions, enabling the formation of carbon-carbon bonds in pharmaceutical and agrochemical synthesis. Its boronate ester group facilitates palladium-catalyzed coupling with aryl or heteroaryl halides, making it valuable in constructing complex organic molecules, particularly in drug discovery and development. The chroman scaffold present in the compound is common in bioactive molecules, enhancing its utility in medicinal chemistry for creating antioxidants, anti-inflammatory agents, and other therapeutic candidates.