This chemical is primarily used in organic synthesis as a versatile intermediate for the preparation of various heterocyclic compounds. Its structure makes it suitable for constructing complex molecules, particularly in the development of pharmaceuticals and agrochemicals. It serves as a key building block in the synthesis of pyran derivatives, which are often explored for their biological activities, including antimicrobial, anti-inflammatory, and anticancer properties. Additionally, it can be utilized in the development of novel materials, such as polymers or coatings, due to its reactive functional groups that allow for further chemical modifications. Its application in research and development highlights its importance in advancing drug discovery and material science.