Crovatin is primarily used as an intermediate in the synthesis of pharmaceutical compounds, particularly in the development of anticoagulant and anti-inflammatory agents. It plays a role in the production of certain natural product derivatives due to its structural similarity to flavonoids, which are known for their biological activity. Its application extends to research settings where it serves as a building block for creating more complex molecules with potential therapeutic effects. Additionally, Crovatin has been explored for its antioxidant properties, making it of interest in studies related to cellular protection and aging.