Used as a key intermediate in the synthesis of biologically active compounds, particularly in pharmaceuticals and agrochemicals. Its nitrile and ether functional groups allow for versatile chemical transformations, making it valuable in constructing heterocyclic systems. Commonly employed in the development of antitumor, antimicrobial, and anti-inflammatory agents due to its ability to participate in cyclization and nucleophilic addition reactions. Also utilized in materials science for designing fluorescent dyes and organic semiconductors owing to its conjugated chromene backbone.