Used as a key intermediate in the synthesis of flavonoids and other polyphenolic compounds, this compound plays an important role in pharmaceutical and nutraceutical research due to its potent antioxidant properties. It serves as a building block for bioactive molecules with potential anti-inflammatory, antimicrobial, and anticancer activities. Its structure supports the development of natural product analogs aimed at enhancing stability and efficacy in therapeutic applications. Additionally, it is employed in studies related to enzyme inhibition, particularly in models targeting metabolic and oxidative stress-related diseases. In the cosmetics and skincare industry, it inhibits tyrosinase activity and melanin production, helping to reduce hyperpigmentation, brighten skin tone, and protect against UV radiation and environmental pollutants, making it suitable for whitening creams and anti-aging formulations.