This compound is primarily utilized in organic synthesis as a key intermediate for the preparation of more complex molecules. Its boronate ester functional group makes it valuable in cross-coupling reactions, particularly Suzuki-Miyaura coupling, which is widely employed in the synthesis of pharmaceuticals, agrochemicals, and advanced materials. The chromanone moiety in its structure also suggests potential applications in the development of bioactive compounds, including antioxidants and anti-inflammatory agents. Additionally, it may serve as a precursor in the synthesis of fluorescent dyes or sensors due to its aromatic system and boronate group, which can interact with specific analytes. Its stability and reactivity make it a useful building block in medicinal chemistry and material science research.