This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various pharmaceuticals and bioactive molecules. Its unique structure, featuring a dihydrobenzodioxin ring, makes it valuable for developing compounds with potential therapeutic properties, particularly in the areas of central nervous system disorders and cardiovascular diseases. Additionally, it is employed in the synthesis of agrochemicals, contributing to the development of herbicides and pesticides. Its versatility in chemical reactions also allows for its use in material science, particularly in the creation of polymers and coatings with specialized properties.