This compound is primarily used in the field of organic synthesis and pharmaceutical research due to its structural properties. It serves as a key intermediate in the production of various bioactive molecules, particularly those with potential antioxidant and anti-inflammatory properties. Its conjugated system and phenolic groups make it valuable in designing compounds that can interact with biological targets, such as enzymes or receptors, to modulate their activity. Additionally, it is explored in the development of novel drug candidates for treating diseases related to oxidative stress or inflammation. In material science, it can be utilized in the synthesis of polymers or coatings with specific functional properties, such as UV absorption or antimicrobial activity. Its versatility makes it a significant compound in both medicinal chemistry and advanced material applications.