Used as an intermediate in organic synthesis, particularly in the development of pharmaceuticals and agrochemicals. Its nitrile and heterocyclic structure makes it valuable for constructing complex molecules through reactions like cyclizations, nucleophilic additions, and cross-coupling. It also serves in the preparation of fluorescent dyes and optoelectronic materials due to the chromene backbone’s inherent photophysical properties. Additionally, derivatives of this compound show potential in medicinal chemistry for biological activity screening, including antimicrobial and anticancer research.