Licoflavone B is primarily studied for its biological activities, particularly its anti-inflammatory and antioxidant properties. It has shown potential in inhibiting pro-inflammatory cytokines and enzymes such as COX-2, suggesting possible use in managing inflammatory diseases. Research also indicates it may have neuroprotective effects, making it a candidate for further study in neurodegenerative conditions like Alzheimer’s disease. Additionally, Licoflavone B exhibits moderate antitumor activity by inducing apoptosis in certain cancer cell lines, supporting its role in anticancer drug development. Its antioxidant capacity helps combat oxidative stress, which is linked to aging and various chronic diseases. Most applications are still in the preclinical research phase, mainly in pharmaceutical and nutraceutical fields.