This compound is primarily utilized in the field of medicinal chemistry due to its structural features, which make it a promising candidate for drug development. Its spirocyclic and chromene moieties are often associated with bioactive properties, making it suitable for research in designing molecules with potential therapeutic effects. It is particularly explored for its antioxidant and anti-inflammatory properties, which could be beneficial in treating oxidative stress-related disorders or inflammatory conditions. Additionally, its unique structure allows it to act as a scaffold for synthesizing derivatives with enhanced pharmacological activities, such as antimicrobial or anticancer agents. Researchers also investigate its potential use in neurological studies, as similar compounds have shown neuroprotective effects. Its application extends to being a key intermediate in the synthesis of complex molecules for various biomedical studies.