Used in pharmaceutical research as a potential antioxidant and anti-inflammatory agent. Shows promise in the development of new drugs targeting neurodegenerative diseases due to its ability to cross the blood-brain barrier and scavenge free radicals. Also investigated for its metal-chelating properties, which may help in managing conditions related to oxidative stress and metal ion imbalance. Additionally, serves as a ligand in coordination chemistry for synthesizing metal complexes with biological activity.