Used primarily in organic synthesis, this compound serves as a key intermediate in the development of pharmaceuticals, particularly in the creation of bioactive molecules. Its bromine atom makes it a versatile building block for cross-coupling reactions, enabling the construction of complex organic structures. Additionally, it finds application in the synthesis of chromene derivatives, which are studied for their potential anticancer, anti-inflammatory, and antimicrobial properties. Researchers also utilize it in material science for designing fluorescent dyes and optical materials due to its chromene core.