Used as an intermediate in the synthesis of flavonoid derivatives with enhanced bioavailability and stability. Applied in pharmaceutical research for developing anti-inflammatory, antioxidant, and neuroprotective agents. Employed in cosmetic formulations for its skin-protective properties against UV radiation and oxidative stress. Serves as a prodrug that can be metabolized to release naringenin, supporting studies on flavonoid metabolism and therapeutic effects. Also utilized in analytical chemistry as a reference standard for chromatographic assays.