Used in pharmaceutical research for its antioxidant properties, particularly in studies related to neuroprotection and anti-inflammatory activity. Shows potential in developing treatments for oxidative stress-related diseases such as Alzheimer's and Parkinson's. Also investigated for use in cosmetic formulations due to its ability to scavenge free radicals and protect skin from environmental damage. Serves as a building block in organic synthesis for creating biologically active molecules, especially those mimicking natural polyphenolic compounds.