Used in the pharmaceutical industry for its potential anti-inflammatory and antioxidant properties, which may help in developing treatments for chronic diseases such as arthritis or certain skin conditions. It is also studied for its role in cancer research, particularly in inhibiting the growth of certain cancer cells, though further studies are needed to confirm efficacy and safety.

Additionally, it is explored in cosmetic formulations for its skin-soothing effects, including reducing wrinkles, promoting youthful skin appearance, and providing protection against environmental stressors such as UV radiation, which can contribute to skin cancer.

In agriculture, it is being investigated for its ability to enhance plant resistance to pathogens, potentially reducing the need for chemical pesticides.