Used in organic synthesis, particularly in the development of novel chromone derivatives with potential biological activities. It serves as a key intermediate in the preparation of compounds that may exhibit pharmacological properties, such as anti-inflammatory, antimicrobial, or anticancer effects. Researchers utilize it to explore structure-activity relationships in drug discovery. Additionally, it can be employed in the synthesis of fluorescent dyes or sensors due to its chromone core, which is known for its photophysical properties. Its applications extend to material science, where it may contribute to the development of advanced organic materials.