Used primarily in research and development, this compound is studied for its antioxidant properties, which may help in combating oxidative stress-related diseases. It is also explored for its potential anti-inflammatory effects, making it a candidate for therapeutic applications in conditions like arthritis and other inflammatory disorders. Additionally, its role in neuroprotection is being investigated, with potential benefits in neurodegenerative diseases such as Alzheimer's. In the cosmetic industry, it is examined for its ability to protect skin cells from UV-induced damage, contributing to anti-aging formulations. Its use in food preservation is also being considered due to its ability to inhibit the growth of certain bacteria and fungi.