Used primarily in the pharmaceutical and cosmetic industries, this compound acts as an effective ingredient in skin care products due to its antioxidant and anti-inflammatory properties. It helps in reducing skin irritation and redness, making it suitable for sensitive skin formulations. Additionally, it is utilized in medical treatments to aid in the healing of minor skin abrasions and burns by promoting cell regeneration and providing a soothing effect. Its ability to absorb UV light also makes it a valuable component in sunscreens, protecting the skin from harmful ultraviolet radiation.