This compound is primarily utilized in the field of medicinal chemistry due to its potential biological activities. It is studied for its antioxidant properties, which make it a candidate for developing therapeutic agents aimed at reducing oxidative stress in cells. Researchers are also exploring its role in neuroprotection, as it may help in mitigating damage caused by neurodegenerative diseases. Additionally, its structural features suggest it could be useful in the synthesis of more complex molecules for pharmaceutical applications, particularly in designing drugs that target specific pathways related to inflammation and aging.