This compound is primarily studied for its potential therapeutic applications due to its structural similarity to naturally occurring phenolic compounds. It exhibits antioxidant properties, making it a candidate for use in formulations aimed at reducing oxidative stress in biological systems. Research suggests it may have neuroprotective effects, potentially beneficial in the treatment of neurodegenerative diseases like Alzheimer's or Parkinson's. Additionally, its anti-inflammatory characteristics are being explored for managing chronic inflammatory conditions. In cosmetics, it could be incorporated into skincare products to protect the skin from environmental damage and aging caused by free radicals. Its role in inhibiting certain enzymes also makes it a subject of interest in cancer research, particularly in developing chemopreventive agents.