This compound is primarily utilized in research and development within the fields of biochemistry and pharmacology due to its potential biological activities. It is studied for its antioxidant properties, which may help in protecting cells from oxidative stress and damage. Additionally, it is explored for its anti-inflammatory effects, making it a candidate for developing therapeutic agents aimed at reducing inflammation in various diseases. Its role in modulating enzyme activities and interacting with cellular signaling pathways is also under investigation, which could lead to applications in treating chronic conditions like cancer and neurodegenerative disorders. Furthermore, its potential use in cosmetic formulations is being examined for skin protection and anti-aging benefits.