This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals and bioactive molecules. Its structure, featuring a chroman ring system, makes it valuable for developing compounds with potential therapeutic properties, particularly in the areas of cardiovascular and neurological research. Additionally, it is employed in the synthesis of antioxidants and other compounds that may exhibit protective effects against oxidative stress. Researchers also explore its derivatives for their potential applications in drug discovery and development, aiming to create new treatments for diseases.