This compound is primarily utilized in the field of biochemistry and pharmacology due to its antioxidant and anti-inflammatory properties. It is often studied for its potential to inhibit the growth of certain cancer cells, making it a subject of interest in cancer research. Additionally, it is used in the development of natural health products aimed at enhancing immune response and reducing oxidative stress in the body. Its application extends to the cosmetic industry as well, where it is incorporated into skincare formulations for its ability to protect skin cells from damage caused by free radicals.