Used as an intermediate in the synthesis of pharmaceuticals and bioactive compounds due to its xanthone backbone, which is known for antioxidant and enzyme inhibitory properties. Employed in research for potential antimicrobial and anticancer agents. Also utilized in the development of fluorescent probes and dyes because of its inherent photophysical characteristics. Shows activity in studies related to anti-inflammatory and neuroprotective effects, making it valuable in medicinal chemistry research.