Hispanone is used as a starting material in the synthesis of biologically active flavonoid compounds, particularly in pharmaceutical research. It demonstrates antioxidant and anti-inflammatory properties, with potential to inhibit cancer cell growth in in vitro studies. It supports cellular health by protecting against oxidative stress and is investigated for applications in nutraceuticals and cosmetic formulations due to its natural origin and bioactive profile. It may contribute to skin protection from free radical damage and aging-related product development. Use remains primarily limited to laboratory and preclinical studies.