Used as a key intermediate in the synthesis of pharmaceutical agents, particularly in the development of cardiovascular and central nervous system drugs. Its chiral structure makes it valuable in asymmetric synthesis, where stereochemistry plays a critical role in drug efficacy. Commonly employed in the preparation of bioactive molecules requiring a chroman scaffold, it supports the construction of complex ring systems found in certain anticoagulants and neuroactive compounds. Also utilized in medicinal chemistry research for structure-activity relationship (SAR) studies due to its functional handle for further derivatization.