Used as an intermediate in organic synthesis, particularly in the production of pharmaceuticals and agrochemicals. Its structure is valuable in creating compounds with potential biological activities, such as antimicrobial, anti-inflammatory, and antioxidant properties. Additionally, it serves as a building block in the development of fluorescent dyes and pigments due to its chromene core, which can be modified for specific optical applications. Its aldehyde group allows for further functionalization, making it versatile in designing complex molecules for research and industrial purposes.