Used primarily in the synthesis of coumarin derivatives, which are essential in the development of pharmaceuticals, including anticoagulants. It serves as a key intermediate in organic synthesis, aiding in the creation of compounds with potential anti-inflammatory, antimicrobial, and anticancer properties. Additionally, it is utilized in the production of fluorescent dyes and sensors due to its fluorescent properties. In the cosmetics industry, it is employed for its antioxidant effects and to protect skin from UV-induced damage. In agriculture, it functions as a protectant and pesticide to improve crop management. In material science, it contributes to the development of organic electronic materials and coatings. Its versatility makes it valuable in both industrial and research applications.