Reaction of asparagine, histidine and arginine afforded a peptide with a new sequence. Its efficacy was verified by the investigations of the abilities to scavenge DPPH free radicals, ABTS cation free radicals and superoxide anions. Moreover, the ability to chelate copper ions and the activity of inhibiting mushroom tyrosine were aslo demonstrated. This thesis focuses on the applications of this peptide in skin whitening and antioxidant which are important in the cosmetics industry.