Used primarily in the field of organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and bioactive molecules. Its structure is particularly valuable in the development of drugs targeting oxidative stress-related diseases, due to its potential antioxidant properties. Additionally, it finds application in the synthesis of complex organic compounds used in materials science, where its chromene core contributes to the development of novel polymers and coatings with specific optical properties. In research, it is utilized to study reaction mechanisms involving polycyclic aromatic systems, aiding in the design of more efficient synthetic pathways.