Used in cosmetic and pharmaceutical formulations for its skin-brightening and antioxidant properties. Helps reduce melanin production, making it effective in treating hyperpigmentation and promoting even skin tone. Also investigated for anti-inflammatory and anticancer activities due to its ability to modulate cellular pathways. Employed in research as a precursor for synthesizing flavonoids and other bioactive compounds. Shows potential in managing diabetes by enhancing insulin sensitivity in preclinical studies.