This chemical is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various complex molecules. Its structure makes it valuable for constructing chromene derivatives, which are often explored for their biological activities, including potential antioxidant, anti-inflammatory, and anticancer properties. Additionally, it is used in the development of fluorescent dyes and optical brighteners due to its chromene core, which can exhibit strong fluorescence under certain conditions. In material science, it contributes to the synthesis of organic compounds with specific photophysical properties, making it useful in the creation of advanced materials for sensors or light-emitting devices.