Used in the synthesis of anticoagulant compounds and as an intermediate in pharmaceutical research for developing anti-inflammatory, antimicrobial, and antioxidant agents. Also applied in the cosmetics and perfume industries due to its antioxidant properties, which help slow skin cell aging, reduce wrinkles, promote youthful skin appearance, and enhance protection against UV radiation and pollution in skincare products. Investigated for its role in natural product chemistry owing to structural similarity to bioactive coumarin derivatives.