Used in pharmaceutical research for its potential anti-inflammatory and antioxidant properties. Shows promise in studies related to neurodegenerative disorders due to its ability to cross the blood-brain barrier and modulate cellular stress responses. Also investigated for anticancer activity, particularly in inhibiting tumor cell proliferation and inducing apoptosis in certain cancer cell lines. Employed as a fluorescent probe in biochemical assays because of its natural fluorescence, aiding in the detection of enzyme activity and molecular interactions. Its structural features make it a candidate for developing new derivatives with enhanced biological activity.