This compound is primarily utilized in the field of medicinal chemistry due to its unique structural properties. It serves as a key intermediate in the synthesis of various bioactive molecules, particularly those targeting inflammatory and oxidative stress-related conditions. Its spirocyclic and chromene moieties make it a valuable scaffold for designing drugs with potential antioxidant and anti-inflammatory activities. Researchers also explore its derivatives for their potential in treating neurodegenerative diseases, as the compound's structure may interact with specific biological pathways involved in such conditions. Additionally, it is investigated for its role in developing novel therapeutic agents for cancer, owing to its ability to modulate cellular processes.