Used primarily in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and fine chemicals. Its structure is particularly valuable in the development of chromone derivatives, which are known for their biological activities, including anti-inflammatory, antioxidant, and antimicrobial properties. Additionally, it plays a role in the synthesis of complex molecules for research in medicinal chemistry, aiding in the discovery of new therapeutic agents. Its application extends to the field of agrochemicals, where it contributes to the creation of compounds with potential pesticidal or herbicidal activities.