This compound is primarily utilized in organic synthesis as an intermediate for the development of more complex chemical structures. Its unique benzo-fused dioxepine ring system makes it valuable in the preparation of pharmaceuticals, particularly in the design of molecules with potential biological activity. It is often employed in research settings to explore novel therapeutic agents, including those targeting neurological or cardiovascular disorders. Additionally, its ester functional group allows for further chemical modifications, enabling its use in the synthesis of esters, amides, or other derivatives for drug discovery and material science applications.