This compound is primarily utilized in the field of medicinal chemistry due to its unique structural properties. It serves as a key intermediate in the synthesis of various biologically active molecules, particularly those targeting neurodegenerative diseases. Its chromene core structure is known to exhibit antioxidant properties, making it valuable in the development of therapeutic agents aimed at reducing oxidative stress in cells. Additionally, it has been explored for its potential anti-inflammatory and neuroprotective effects, which could contribute to treatments for conditions such as Alzheimer's disease and Parkinson's disease. Researchers also investigate its role in modulating enzyme activity, particularly in pathways related to cell signaling and apoptosis. Its applications extend to the development of novel drug candidates with enhanced efficacy and reduced side effects.