Used as a key intermediate in the synthesis of flavonoids and chalcone derivatives, which exhibit antioxidant, anti-inflammatory, and anticancer activities.

Employed in pharmaceutical research for developing new bioactive molecules and fluorescent probes due to its conjugated structure and ability to chelate metal ions. Specifically utilized in fluorescent research for developing detectors for specific metal ions such as iron, copper, and zinc, exhibiting color changes or fluorescence upon binding, enabling applications as biological or environmental sensors.

Also applied in the study of nonlinear optical materials for potential use in optoelectronic devices.

Additionally, it shows potential in pharmaceuticals due to structural similarity to antioxidants, with preliminary research indicating anti-inflammatory and antimicrobial effects, though further studies are required to confirm efficacy and safety.