Used in cosmetic formulations for its antioxidant properties, helping to protect skin from oxidative stress and environmental damage. Shows potential in anti-aging products due to its ability to inhibit matrix metalloproteinases, which are involved in collagen breakdown. Investigated for use in pharmaceuticals for its anti-inflammatory and anticancer activities, particularly in studies related to colon and prostate cancer. Also employed in research settings as a reference compound in phytochemical analysis and natural product isolation.