This compound is primarily used in organic synthesis as a versatile intermediate for the preparation of various biologically active molecules. Its structure, featuring both a formyl group and a methoxy group on a chromone backbone, makes it valuable for constructing complex heterocyclic compounds. It is often employed in the development of pharmaceuticals, particularly in the synthesis of compounds with potential anti-inflammatory, antioxidant, or anticancer properties. Additionally, it serves as a key building block in the creation of fluorescent dyes and sensors due to its chromone core, which can exhibit unique photophysical properties. Researchers also utilize it in the study of structure-activity relationships to optimize the efficacy of drug candidates.