Used as an intermediate in the synthesis of biologically active compounds, particularly in the development of flavone derivatives with potential antimicrobial, antifungal, and anticancer properties. Its structure serves as a key building block in medicinal chemistry for constructing chromene-based heterocycles. Commonly employed in condensation reactions to form chalcone analogs and fused heterocyclic systems that exhibit enhanced pharmacological activity. Also utilized in the preparation of fluorescent dyes and optoelectronic materials due to its conjugated system and electron-withdrawing characteristics.