Used in pharmaceutical research as a synthetic intermediate for bioactive compounds, particularly in the development of agents targeting central nervous system disorders. Its structural features support binding to specific neural receptors, making it valuable in the design of potential neuroprotective or neuromodulatory drugs. Also investigated for its antioxidant properties due to the presence of multiple methoxy and hydroxyl groups, which may contribute to scavenging free radicals in biological systems. Employed in structure-activity relationship (SAR) studies to optimize potency and selectivity in drug candidates.