Used primarily as an intermediate in the synthesis of flavonoid derivatives, this compound plays a key role in the development of UV-absorbing agents for cosmetic formulations, particularly sunscreens. Its structure supports antioxidant properties, making it valuable in research focused on skin-protective compounds. It is also employed in the preparation of biologically active molecules, including anti-inflammatory and antimicrobial agents. Due to its ability to stabilize free radicals, it finds application in studies exploring novel therapeutic agents and functional materials.