Used in pharmaceutical research for its antioxidant and anti-inflammatory properties. Shows potential in developing treatments for neurodegenerative diseases due to its ability to cross the blood-brain barrier. Also investigated for anticancer activity, particularly in inhibiting tumor cell proliferation. Applied in cosmetic formulations as a skin-lightening and anti-aging agent because of its tyrosinase inhibition effects. Studied for use in natural dye-sensitized solar cells owing to its light-absorbing structure.