Used as a key intermediate in the synthesis of anticoagulant drugs, particularly coumarin-based derivatives. Its structure supports the development of compounds with inhibitory activity against vitamin K epoxide reductase, essential in blood clotting regulation. Also investigated for its role in fluorescent probes due to inherent chromophore properties, enabling applications in biochemical imaging and sensor technologies. Shows potential in agrochemical formulations as a building block for novel biologically active molecules.