This compound is primarily utilized in the synthesis of various organic molecules, particularly in the development of pharmaceutical intermediates. Its structure, featuring a chroman core with a carboxylic acid group, makes it a valuable building block in medicinal chemistry. It is often employed in the creation of compounds with potential biological activity, such as antioxidants, anti-inflammatory agents, or other therapeutic molecules. Additionally, it serves as a precursor in the preparation of complex heterocyclic compounds, which are important in drug discovery and development. Its applications extend to research laboratories where it is used to study chemical reactions and mechanisms involving chroman derivatives.