This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate in the production of various flavonoids and polyphenolic compounds. Its trihydroxyphenyl structure makes it particularly valuable for creating complex molecules with antioxidant properties, which are often explored for potential use in pharmaceuticals and nutraceuticals. Additionally, it is employed in the development of dyes and pigments due to its ability to form stable, colored complexes with metals. In research, it is also used as a model compound to study the chemical behavior and reactivity of polyphenols, aiding in the advancement of green chemistry and sustainable material synthesis.