Used as a natural product-derived scaffold in medicinal chemistry for its anti-inflammatory and antioxidant properties. Shows potential in skin care formulations due to its ability to inhibit melanogenesis and protect against UV-induced damage. Investigated for anticancer activity through modulation of cell signaling pathways such as NF-κB and MAPK. Also serves as an intermediate in the synthesis of flavonoids and other bioactive heterocyclic compounds. Exhibits antimicrobial effects against select bacterial and fungal strains, making it relevant in developing new antimicrobial agents.