This compound is primarily utilized in the synthesis of various pharmaceutical agents and organic intermediates. Its structure, featuring a dihydrobenzodioxin ring, makes it a valuable building block in the development of compounds with potential biological activity. It is often employed in the preparation of ligands for receptor binding studies, particularly in neurological and cardiovascular research. Additionally, it serves as a precursor in the production of polymers and materials with specific electronic or photonic properties, contributing to advancements in material science. Its applications also extend to agrochemical research, where it is used to develop new active ingredients for crop protection.