This compound is primarily utilized in the field of medicinal chemistry due to its potential biological activities. It has been studied for its antioxidant properties, which make it a candidate for developing therapeutic agents aimed at reducing oxidative stress-related diseases. Additionally, its structural features suggest potential applications in the synthesis of novel anti-inflammatory and anticancer drugs. Researchers are also exploring its use in the development of fluorescent probes for biological imaging, leveraging its chromenone core for optical properties. Its derivatives may serve as key intermediates in organic synthesis, contributing to the creation of more complex molecules with enhanced pharmacological profiles.