Used as a natural sweetener and flavor enhancer in food and beverages, particularly in low-calorie and sugar-free products due to its intense sweetness and ability to mask bitterness. Commonly added to dairy products, confectionery, chewing gums, and dietary supplements. Also utilized in pharmaceuticals for improving the taste of syrups, tablets, and oral suspensions. Exhibits antioxidant and anti-inflammatory properties, making it valuable in nutraceuticals and cosmetic formulations for skin protection and anti-aging effects.