This chemical is primarily utilized in the pharmaceutical industry as a key intermediate in the synthesis of various bioactive compounds. It plays a significant role in the development of drugs targeting cardiovascular diseases, thanks to its benzopyran structure, which is often associated with vasodilatory and antihypertensive effects. Additionally, its fluorine substitution enhances the metabolic stability and bioavailability of the resulting pharmaceuticals. Researchers also explore its potential in creating novel therapeutic agents for neurological disorders, leveraging its ability to interact with specific biological targets in the central nervous system. Its versatility makes it a valuable component in medicinal chemistry for designing and optimizing drug candidates.