Used in organic synthesis as a building block for more complex molecules, particularly in the development of pharmaceuticals and agrochemicals. It serves as a key intermediate in the production of compounds with potential biological activity, such as antimicrobial or anticancer agents. Its chromene core structure is valuable in designing molecules for drug discovery, especially in targeting specific enzymes or receptors. Additionally, it may be utilized in the synthesis of dyes or fluorescent markers due to its aromatic properties.