Used in biochemical and pharmacological research for its phytoestrogenic properties, showing potential in hormone-related studies, menopausal symptom relief, and treatment of women's hormone-related diseases. Exhibits antioxidant and anti-inflammatory activities, making it of interest in developing natural therapeutic agents. Investigated for possible roles in bone health and cancer prevention and treatment, including breast and prostate cancers, due to its interaction with estrogen receptors, ability to inhibit cancer cell growth, and promotion of apoptosis in abnormal cells. Also utilized as a reference compound in analytical studies of plant metabolites.