The flavone 3‐methoxyluteolin (IC50 12.40 µg/mL) was comparable ascorbic acid in antioxidative activity against 2,2‐diphenyl‐1‐picrylhydrazyl (DPPH) radicals (IC50 11.38 µg/mL). From DFT (density functional theory) calculations, its principal radical mechanism in gas and lipid was the FHT (formal hydrogen transfer), whereas the SPL‐ET (sequential proton loss‐electron transfer) was the main way in water. Hydroxyl groups, especially at carbon C‐4', were the crucial radical scavenging sites. Kinetic evidence indicated that the reactions between the studied compound with HOO˙ radicals resulted in the koverall (overall rate constant) of 2.5 x 109 and 1.07 x 103 M–1 s–1 in water and pentyl ethanoate, respectively. The studied molecule chelated to Zn metal ion to form Zn(3‐methoxyluteolin)2 complex with the lowest binding energy value of –322.911 kcal/mol. Considering neurodegenerative inhibitory potentials of the studied compound, molecular docking results revealed that 3‐methoxyluteolin interacted with the active sites of both acetylcholinesterase (AChE) and butyrylcholinestease (BChE) with the binding affinities of –9.493 and –8.812 kcal/mol, respectively, which are stronger than the reference compound tacrine. To assess the structural stability and binding interactions with each studied protein, molecular dynamics simulations were conducted. The results indicated that the 3‐methoxyluteolin complexes with AChE and BChE remained stable during a simulation period.