This compound is primarily utilized in the field of medicinal chemistry as a key intermediate in the synthesis of various biologically active molecules. Its structure, featuring both a chromene and piperidine moiety, makes it particularly valuable in the development of compounds targeting neurological disorders. Researchers often employ it in the creation of potential drug candidates for conditions such as Alzheimer's disease, where modulation of neurotransmitter systems is crucial. Additionally, its tert-butoxycarbonyl (Boc) protecting group allows for selective deprotection during multi-step synthetic processes, enabling the precise construction of complex molecules. Its application extends to the exploration of novel therapeutic agents with potential anti-inflammatory or anticancer properties, leveraging its unique scaffold for drug design and optimization.