Used as a key intermediate in the synthesis of biologically active compounds, particularly in pharmaceuticals and agrochemicals. Its structure allows for selective functionalization, making it valuable in the development of flavonoid analogs and heterocyclic compounds with potential antimicrobial, anti-inflammatory, and anticancer properties. Commonly employed in organic synthesis to introduce chromone scaffolds into target molecules, it plays a role in the preparation of dyes and fluorescent probes due to its conjugated system. Its halogen substituents enable cross-coupling reactions, facilitating the construction of complex molecules in medicinal chemistry research.