Used in pharmaceutical research as a flavonoid derivative with potential anti-inflammatory and antioxidant properties. Shows promise in studies related to neurodegenerative disorders due to its ability to cross the blood-brain barrier and modulate oxidative stress. Also investigated for anticancer activity, particularly in inhibiting tumor cell proliferation through interaction with cell signaling pathways. Additionally, serves as a chemical intermediate in the synthesis of more complex bioactive molecules and fluorescent probes for biochemical assays.