Used as an intermediate in organic synthesis, particularly in the preparation of flavonoids and other polyphenolic compounds with antioxidant properties. It serves as a building block in pharmaceuticals and agrochemicals due to its reactive hydroxyl groups, which allow for easy modification. Also employed in the development of UV-absorbing materials and stabilizers in polymers, thanks to its ability to absorb ultraviolet light. Its structure supports applications in research focused on anti-inflammatory and neuroprotective agents.