Used primarily in the field of medicinal chemistry, this compound exhibits significant antioxidant properties, making it valuable in the development of treatments for oxidative stress-related diseases. Its ability to scavenge free radicals is leveraged in skincare products to prevent cellular damage and aging. Additionally, it is studied for its potential anti-inflammatory and anticancer effects, showing promise in inhibiting the growth of certain cancer cells. Researchers are also exploring its use in neuroprotective therapies, aiming to mitigate damage in neurodegenerative disorders.