Icaritin is widely studied for its potential therapeutic applications, particularly in traditional Chinese medicine and modern pharmacology. It is recognized for its anti-cancer properties, showing promise in inhibiting the growth of various cancer cells, including liver, breast, and prostate cancers. It works by modulating signaling pathways and inducing apoptosis in cancer cells. Additionally, icaritin is being explored for its role in improving bone health, as it promotes osteoblast differentiation and enhances bone formation, making it a candidate for treating osteoporosis. Its anti-inflammatory and antioxidant effects also contribute to its potential use in managing neurodegenerative diseases and cardiovascular conditions. Research continues to explore its efficacy and safety for these applications.