This compound is primarily utilized in organic synthesis and pharmaceutical research due to its unique structure, which includes a trifluoromethyl group and a chromen-2-one scaffold. It serves as a key intermediate in the development of biologically active molecules, particularly in the creation of compounds with potential anti-inflammatory, anticancer, or antimicrobial properties. The benzyloxy methoxy group enhances its reactivity, making it suitable for further chemical modifications. Additionally, its chromen-2-one core is often explored in the design of fluorescent probes or sensors for biochemical studies. Researchers also investigate its role in modulating enzyme activity or as a precursor for more complex heterocyclic compounds.