Used as an intermediate in the synthesis of pharmaceuticals and fine chemicals, particularly in the development of bioactive molecules with potential cardiovascular and central nervous system activity. Its structure serves as a building block in organic synthesis, enabling the formation of complex heterocyclic compounds. Commonly employed in research settings for creating novel chroman derivatives with antioxidant or anti-inflammatory properties. Also utilized in the preparation of fluorescent probes and dyes due to its favorable reactivity and stability in various reaction conditions.