Used in pharmaceutical research as a key intermediate for synthesizing bioactive compounds, particularly in the development of anticancer and antimicrobial agents. Its structure supports activity against certain tumor cell lines by inhibiting specific kinases involved in cell proliferation. Also investigated for use in fluorescent probes due to its chromophore properties, enabling detection of metal ions in biological systems. Commonly employed in medicinal chemistry for structure-activity relationship (SAR) studies of chromenone-based drugs.