This compound is primarily utilized in the field of medicinal research due to its potential bioactive properties. It has been studied for its antioxidant effects, which can help in combating oxidative stress-related diseases. Additionally, it shows promise in anti-inflammatory applications, potentially aiding in the treatment of chronic inflammatory conditions. Researchers are also exploring its role in cancer therapy, as it may inhibit the growth of certain cancer cells. Its application in skincare products is being investigated for its ability to protect the skin from environmental damage and aging. Overall, it holds significant potential in various therapeutic and cosmetic formulations.