This compound is primarily utilized in scientific research, particularly in the study of its biological and pharmacological properties. It has shown potential as an antioxidant, making it a subject of interest in the development of therapeutic agents aimed at mitigating oxidative stress-related diseases. Additionally, its structural characteristics make it a candidate for further exploration in the synthesis of novel compounds with potential anti-inflammatory or anticancer activities. Researchers also investigate its interactions with various enzymes and receptors to understand its mechanism of action and potential applications in drug development.