This chemical is primarily utilized in organic synthesis as an intermediate for the production of various pharmaceuticals and bioactive compounds. Its structure, featuring a benzyloxy group and a pyranone ring, makes it a valuable building block in the development of drugs targeting inflammation, microbial infections, and other therapeutic areas. Additionally, it is employed in the synthesis of agrochemicals, contributing to the creation of pesticides or herbicides. Its reactivity and functional groups allow for further chemical modifications, making it a versatile component in research and industrial applications.