This chemical is primarily utilized in the field of organic synthesis as a key intermediate for the preparation of more complex molecules. Its structure, featuring dimethoxy and carboxylate groups, makes it valuable for constructing biologically active compounds, particularly in pharmaceutical research. It is often employed in the development of potential therapeutic agents, including anti-inflammatory and anticancer drugs. Additionally, its isochromene core is useful in the synthesis of heterocyclic compounds, which are significant in medicinal chemistry. Researchers also explore its use in creating novel materials with specific optical or electronic properties.