This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various biologically active molecules. Its chromen-2-one core structure is particularly valuable in the development of pharmaceutical compounds, including anticoagulants and anti-inflammatory agents. Additionally, it is explored in the synthesis of natural product analogs, contributing to the discovery of new therapeutic agents. In research, it is often employed to study structure-activity relationships, aiding in the optimization of drug efficacy and safety. Its methoxy groups enhance its reactivity, making it a versatile building block in medicinal chemistry.