This compound is primarily used in research and development within the field of pharmacology due to its potential biological activities. It has been studied for its anti-inflammatory and antioxidant properties, which may contribute to its therapeutic effects in managing chronic diseases. Additionally, it is explored for its role in modulating estrogenic activity, making it a candidate for hormone-related research, particularly in conditions like menopause or osteoporosis. Its applications also extend to the cosmetic industry, where it is investigated for skin health benefits, including protection against UV-induced damage and aging.