Used primarily in organic synthesis, it serves as a key intermediate in the production of various pharmacologically active compounds. Its structure is valuable in the development of chromene-based derivatives, which are explored for their potential therapeutic properties, including anti-inflammatory, anticancer, and antimicrobial activities. Additionally, it is utilized in the synthesis of fluorescent dyes and sensors due to its chromene core, which can exhibit photophysical properties. Researchers also employ it in the study of chemical reactions and mechanisms involving brominated organic molecules.