Used in the synthesis of various pharmaceuticals, particularly in the production of antioxidants and anti-inflammatory agents. It serves as a key intermediate in the development of drugs targeting neurodegenerative diseases like Parkinson's and Alzheimer's. Additionally, it is employed in the creation of polyphenolic compounds, which are utilized in skincare products for their anti-aging and protective properties. In research, it is often used to study oxidative stress and its effects on biological systems.