Used as a key intermediate in the synthesis of pharmaceuticals, particularly in the development of flavonoid-based drugs with anti-inflammatory, antioxidant, and anticancer properties. Its structure supports the creation of bioactive molecules by serving as a building block in heterocyclic chemistry. Commonly employed in research settings to design new compounds targeting enzyme inhibition, especially in kinases and other metabolic pathway regulators. Also utilized in the preparation of fluorescent probes due to the chromone core’s inherent optical properties, aiding in cellular imaging and biochemical assays.