Used in the synthesis of various flavonoids, which are important for their antioxidant properties. It serves as an intermediate in the production of pharmaceutical compounds, particularly those targeting inflammation and oxidative stress-related diseases. Additionally, it is utilized in research to study the biological activities of flavanones, including their potential anticancer and neuroprotective effects. In the cosmetic industry, it is incorporated into formulations for its skin-soothing and anti-aging benefits.