Used as a key intermediate in the synthesis of flavonoid-based pharmaceuticals, particularly in the development of anti-inflammatory and antioxidant agents. Shows potential in research for neuroprotective compounds due to its ability to cross the blood-brain barrier. Also employed in studies related to anticancer drug design, where it acts as a scaffold for modifying bioactive molecules. Commonly utilized in fluorescence-based assays owing to its natural fluorescent properties, making it useful in biochemical imaging and sensor development. Investigated for its role in inhibiting specific enzymes involved in metabolic disorders.