Used in organic synthesis as a key intermediate for the production of various heterocyclic compounds. It plays a significant role in the development of pharmaceuticals, particularly in the creation of molecules with potential biological activity. Its structure is valuable in medicinal chemistry for designing drugs targeting specific enzymes or receptors. Additionally, it finds application in the synthesis of agrochemicals, contributing to the development of new pesticides or herbicides. Its chromene core is also utilized in material science for creating fluorescent dyes or sensors.