Used in cosmetics and skincare products for its antioxidant and photoprotective properties. Enhances stability of formulations exposed to UV light. Employed in sunscreens and anti-aging creams due to its ability to scavenge free radicals and reduce oxidative stress in skin cells. Also investigated for use in fluorescent probes and imaging agents because of its natural fluorescence, making it useful in bioanalytical applications. Shows potential in pharmaceuticals for its anti-inflammatory and antimicrobial activities.