This compound is primarily utilized in organic synthesis as an intermediate for the production of various pharmaceuticals and bioactive molecules. Its structure, featuring a chroman core with a carboxylate ester and a ketone functional group, makes it a versatile building block in medicinal chemistry. It is often employed in the development of compounds with potential antioxidant, anti-inflammatory, or neuroprotective properties. Additionally, it serves as a precursor in the synthesis of heterocyclic compounds, which are crucial in drug discovery and development. Its applications extend to agrochemical research, where it may be used to create novel pesticides or herbicides.