Used in organic synthesis as an intermediate for pharmaceuticals and biologically active compounds. Its cyclic ether structure with a hydroxyl group makes it valuable in the development of drug candidates, particularly in the design of molecules with central nervous system activity. The compound serves as a building block in the preparation of more complex heterocyclic systems, especially in medicinal chemistry research focused on ring-fused oxygen-containing scaffolds. It may also find use in the synthesis of analogs for structure-activity relationship (SAR) studies.