Used primarily in research and development, this compound is studied for its potential anti-inflammatory, anticancer, and neuroprotective properties. It is often utilized in laboratory settings to investigate its effects on cellular pathways, its ability to inhibit the growth of certain cancer cells, and its role in protecting neurons and reducing the risk of neurodegenerative diseases such as Alzheimer's. Additionally, it serves as a key intermediate in the synthesis of more complex molecules for pharmaceutical applications. Its antioxidant properties are also explored for potential use in dietary supplements, skincare, and cosmetic formulations to protect against oxidative stress, cellular degradation, and aging.