This compound is primarily utilized in the field of medicinal chemistry due to its potential bioactive properties. It is often explored for its role in the development of therapeutic agents, particularly in the treatment of inflammatory diseases and certain types of cancers. The structure of the compound allows it to interact with specific biological targets, making it a candidate for drug discovery and pharmacological research. Additionally, it is studied for its antioxidant properties, which could be beneficial in protecting cells from oxidative stress. Researchers also investigate its potential use in cosmetic formulations, leveraging its ability to neutralize free radicals and potentially reduce signs of aging.