Used as an intermediate in the synthesis of pharmaceuticals and fine chemicals, particularly in the development of antioxidants and UV-absorbing compounds. Its polyhydroxy structure makes it valuable in chelating metal ions, which is useful in stabilizing formulations in cosmetics and topical treatments. Also employed in research for its potential enzyme inhibitory properties, especially in studies related to inflammation and oxidative stress. The compound’s ability to form hydrogen bonds supports its use in supramolecular chemistry and material science for designing functional organic frameworks.