Used as an intermediate in organic synthesis, particularly in the preparation of biologically active compounds and pharmaceuticals with chroman structures, which are found in natural products and synthetic drugs. Its structure supports the development of antioxidants, anti-inflammatory agents, and neuroprotective compounds, especially for neural cell protection. Commonly employed in research settings to construct chroman-based molecules. Also utilized in the study of metabolic pathways due to its ester functionality and ring system compatibility with enzymatic reactions. Additionally, it can serve as a building block for fluorescent compounds or optoelectronic materials requiring luminescent properties.