This chemical is primarily used as a versatile intermediate in organic synthesis, particularly in the construction of complex molecules. It is often employed in the formation of carbon-carbon and carbon-heteroatom bonds due to its reactive triflate group, which acts as a good leaving group. This makes it valuable in cross-coupling reactions, such as Suzuki or Heck reactions, which are widely used in pharmaceutical and agrochemical research. Additionally, its dihydropyran moiety can be utilized in protecting group strategies or as a building block for synthesizing heterocyclic compounds. Its applications extend to the development of bioactive molecules, including potential drug candidates, where its structure can be incorporated into the final product or used as a synthetic tool.