This compound is primarily utilized in the field of organic synthesis and pharmaceutical research. It serves as a key intermediate in the production of various bioactive molecules, particularly those with potential antioxidant and anti-inflammatory properties. Its structure, which includes a phenolic hydroxyl group and a prenyl side chain, makes it a valuable precursor for developing compounds that mimic natural products with therapeutic benefits. Additionally, it is explored in the development of novel drugs targeting oxidative stress-related diseases and metabolic disorders. Its applications extend to cosmetic formulations, where it is studied for its potential to enhance skin health by combating free radicals and reducing inflammation.