This compound is primarily utilized in the field of organic synthesis, where it serves as a key intermediate for the development of more complex molecules. Its structure, featuring multiple hydroxyl groups and a carboxylate ester, makes it a versatile building block in the synthesis of pharmaceuticals, particularly those targeting anti-inflammatory and antioxidant properties. Additionally, it finds application in the production of specialty chemicals used in the cosmetics industry, where its derivatives contribute to the formulation of skin care products designed to protect against oxidative stress and improve skin health. In research settings, it is often employed as a model compound to study the reactivity and stability of polyphenolic esters under various chemical conditions.