Primarily used in organic synthesis, this compound serves as a key intermediate in the production of various pharmaceuticals and bioactive molecules. Its structure, featuring multiple hydroxyl groups, makes it valuable for developing antioxidants and anti-inflammatory agents. Additionally, it is employed in the synthesis of natural product analogs and polyphenolic compounds, which are studied for their potential therapeutic properties. In research, it aids in the exploration of chemical reactions involving phenolic compounds, contributing to advancements in medicinal chemistry and drug discovery.