Used in pharmaceutical research for its antioxidant properties, particularly in studies related to neuroprotection and anti-inflammatory effects. 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 cells from environmental damage. Serves as a building block in organic synthesis for creating bioactive molecules and derivatives with enhanced stability and bioavailability.