Used as an intermediate in organic synthesis, particularly in the development of flavonoids and polyphenolic compounds. It serves as a building block in the preparation of bioactive molecules with antioxidant properties. Applied in research settings for studying enzyme inhibition, especially in relation to tyrosinase and other oxidoreductases. Also utilized in the synthesis of natural product analogs for pharmaceutical and cosmetic screening. Its hydroxyl-rich structure makes it valuable in designing compounds for radical scavenging studies.