This compound is primarily utilized in the field of organic synthesis, where it serves as a versatile intermediate for the development of more complex chemical structures. Its unique benzodioxepine ring system is particularly valuable in the creation of pharmaceuticals, as it can be modified to produce compounds with potential therapeutic effects. Researchers often employ it in the synthesis of molecules that target neurological disorders, leveraging its ability to interact with specific receptors in the brain. Additionally, it is explored in the development of agrochemicals, where its structural framework can be adapted to create new pesticides or herbicides with enhanced efficacy and selectivity. Its application extends to material science as well, where it is investigated for its potential in designing novel polymers or coatings with specific properties.