This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the development of various biologically active molecules, particularly in the synthesis of chromanone derivatives. These derivatives are often explored for their potential therapeutic properties, including anti-inflammatory, antioxidant, and anticancer activities. Additionally, the fluorinated structure of this compound enhances its stability and bioavailability, making it valuable in drug discovery processes. Researchers also investigate its role in modulating enzyme activity and receptor interactions, contributing to the design of novel therapeutic agents.