This chemical is primarily used in organic synthesis as a key intermediate for the development of various biologically active compounds. It serves as a building block in the synthesis of heterocyclic compounds, which are often explored for their potential pharmaceutical applications. Researchers utilize it to create derivatives that may exhibit antimicrobial, anti-inflammatory, or anticancer properties. Additionally, it is employed in the study of chromene-based molecules, which are known for their diverse biological activities and potential therapeutic uses. Its role in synthetic chemistry makes it valuable for drug discovery and development processes.