In accordance with the present invention, there are provided novel compounds that have a variety of properties, i.e., 
antioxidant, anti-inflammatory, antiviral, antibacterial, and 
antifungal properties. Invention compounds, therefore, have the ability to impart a variety of beneficial physiological effects, e.g., to protect neurons and / or to promote 
neuroregeneration and / or to promote 
memory formation and / or to act as 
protein phosphatase or 
kinase inhibitors and / or to act as 
lipoxygenase inhibitors. Such compounds are useful for treatment of a variety of indications, including neurodegenerative diseases and conditions, diabetes, 
ischemia associated with 
heart disease, and memory deficit. In another aspect of the present invention, there are also provided formulations containing one or more of the above-described compounds, optionally further containing additional neurologically 
active compound(s) and / or adjuvants to facilitate delivery thereof across the blood / brain barrier. In still another aspect of the present invention, there are further provided methods for treating a wide variety of neurological indications, e.g., acute neural injuries, chronic injuries, promoting 
memory formation, and the like.