Used in the synthesis of pharmaceutical intermediates, particularly in the development of anti-inflammatory and antioxidant compounds. Shows potential in research for neuroprotective agents due to its phenolic structure, which can scavenge free radicals. Also employed as a building block in organic synthesis for creating complex bioactive molecules. The compound itself is utilized in cosmetics and skincare products for its antioxidant properties, aiding in skin brightening, reducing inflammation, and protecting against oxidative stress. Derivatives are further explored for stabilizing formulations and treating pigmentation issues.