This compound is primarily utilized in the field of medicinal chemistry due to its structural properties, which make it a valuable intermediate in the synthesis of various bioactive molecules. Its chromene core is often explored for developing compounds with potential antioxidant, anti-inflammatory, and anticancer activities. Researchers investigate its derivatives for their ability to modulate biological pathways, particularly those involving oxidative stress and inflammation. Additionally, it serves as a building block in the creation of novel pharmaceutical agents targeting specific enzymes or receptors. Its application extends to the development of fluorescent probes, leveraging its chromene structure for optical properties in biochemical studies.