This compound is primarily utilized in the field of medicinal chemistry due to its potential biological activities. It has been studied for its antioxidant properties, which make it a candidate for developing therapeutic agents aimed at reducing oxidative stress-related diseases. Additionally, it exhibits anti-inflammatory effects, suggesting its use in formulating treatments for inflammatory conditions. Research also indicates potential anticancer properties, as it may inhibit the growth of certain cancer cells. Furthermore, its antimicrobial activity is being explored for applications in combating bacterial and fungal infections. These diverse biological activities highlight its significance in drug development and health-related research.