This compound is widely utilized in the pharmaceutical industry due to its antioxidant and anti-inflammatory properties. It is often incorporated into formulations aimed at reducing oxidative stress and inflammation in various medical conditions. Additionally, it is used in cosmetic products to protect the skin from damage caused by free radicals and UV radiation, helping to maintain skin health and appearance. Research also explores its potential in treating neurodegenerative diseases, as it may help in mitigating the effects of oxidative damage in neural tissues.