This compound is primarily utilized in the synthesis of antioxidants and pharmaceutical intermediates. It serves as a key building block in the development of drugs targeting oxidative stress-related conditions, such as neurodegenerative diseases and cardiovascular disorders. Additionally, it is employed in the production of cosmetic formulations to enhance the stability and shelf life of products by preventing oxidation. Its antioxidant properties also make it valuable in food preservation, where it helps maintain the quality and freshness of perishable items.