This compound is primarily utilized in the field of medicinal chemistry and pharmaceutical research. It serves as a key intermediate in the synthesis of more complex molecules, particularly those targeting specific biological pathways. Its structure, which includes a coumarin derivative, makes it valuable in the development of drugs with potential anti-inflammatory, anticoagulant, or anticancer properties. Researchers often explore its use in designing enzyme inhibitors or receptor modulators due to its unique chemical framework. Additionally, its chiral nature allows for the study of stereospecific interactions in drug development, enhancing the precision of therapeutic agents.