This compound is primarily utilized in the synthesis of organic materials and pharmaceutical intermediates. Its structure, featuring a dihydrobenzofuran core and an acrylic acid moiety, makes it a valuable building block in the development of bioactive molecules. It is often employed in the preparation of compounds with potential therapeutic applications, such as anti-inflammatory, antioxidant, or anticancer agents. Additionally, its conjugated system allows it to be used in the design of organic electronic materials, including light-emitting diodes (LEDs) and photovoltaic cells, due to its ability to facilitate electron transfer and light absorption. Its versatility in chemical reactions, such as Michael additions or polymerizations, further expands its utility in material science and drug discovery.