Used in the synthesis of liquid crystals and organic semiconductors due to its stable aromatic structure and ability to support charge transport. Its hydroxyl groups allow for hydrogen bonding and functionalization, making it useful in developing specialty polymers and photoresists. Also employed as an intermediate in pharmaceuticals, particularly in compounds targeting inflammatory and neurodegenerative conditions. In cosmetic formulations, it serves as a skin-lightening agent by inhibiting tyrosinase enzyme activity, which reduces melanin production and helps fade dark spots for an even, brighter complexion. Additionally, its antioxidant properties protect skin from oxidative stress caused by UV radiation and pollution, making it suitable for sunscreens, serums, and anti-aging products.