Used as a key intermediate in the synthesis of pharmaceutical compounds, particularly in the development of selective serotonin reuptake inhibitors (SSRIs) and other central nervous system (CNS) active agents. Its structural features allow for effective binding to neurotransmitter targets, making it valuable in medicinal chemistry for optimizing drug efficacy and selectivity. Also employed in the preparation of novel chroman-based bioactive molecules with potential antioxidant and neuroprotective properties.