This compound is primarily studied for its biological and pharmacological properties. It exhibits significant antioxidant activity, making it useful in research focused on combating oxidative stress-related diseases. Additionally, it has shown potential as an anti-inflammatory agent, which could be beneficial in developing treatments for inflammatory conditions. Its ability to inhibit certain enzymes also makes it a candidate for studies in cancer therapy, particularly in targeting pathways involved in tumor growth. Furthermore, it is explored for its neuroprotective effects, suggesting possible applications in neurodegenerative disease research. Its diverse biological activities make it a compound of interest in medicinal chemistry and drug development.