Used in pharmaceutical research as a key intermediate in the synthesis of bioactive compounds, particularly in the development of anticancer and anti-inflammatory agents. Its structural properties make it valuable in designing drugs that interact with cellular signaling pathways. Also investigated for its potential as a precursor in natural product synthesis and in the preparation of derivatives with enhanced biological activity. Employed in studies exploring antioxidant effects due to the presence of methoxy and carboxylic acid functional groups. Additionally, finds use in cosmetic formulations for its potential skin-protective properties.