Used extensively in the pharmaceutical industry for its bioactive properties, it serves as a key intermediate in the synthesis of various therapeutic agents. Its antioxidant and anti-inflammatory characteristics make it valuable in developing treatments for skin conditions and inflammatory diseases.

In the cosmetic industry, it is incorporated into skincare products for its ability to protect against UV radiation and enhance skin health.

Additionally, it finds application in organic synthesis as a fluorescent probe for studying biological systems and as a precursor for more complex coumarin derivatives.

Its role in agricultural chemicals includes use as a natural pesticide due to its ability to deter pests and protect crops.