Used in pharmaceutical research for its anti-inflammatory and antioxidant properties. Shows potential in the development of drugs targeting neurodegenerative diseases and cancer due to its ability to modulate cellular pathways. Also employed in phototherapy and as a fluorescent probe in biochemical assays because of its natural fluorescence under UV light. Found in some traditional medicines for its vasodilatory and antispasmodic effects. Investigated for use in cosmetics for skin protection against oxidative stress.