Skin cancer incidence has drastically increased, causing a significant impact on global health. Increased UV radiation, along with changes in genetic and environmental factors, triggers the uncontrolled proliferation of skin cells. To address the increasing incidence of skin cancer, the discovery of novel treatment strategies is crucial. Natural products are one of the promising and alternative approaches for the treatment of skin cancer, which helps to mitigate the growing global health burden. Butein, naturally present in many plant families, demonstrates significant pharmacological properties, including anticancer activity. It inhibits the metastatic behavior in mouse melanoma cells; however, its effect on human skin carcinoma cell lines remains unexplored. Thus, this study investigates the anticancer potential of butein on skin carcinoma by employing different cytotoxicity assays such as Sulphorhodamine B (SRB), Neutral Red Uptake (NRU), and 3-(4,5-dimethylthiazol-2-yl)-2,5-diphenyltetrazolium bromide (MTT). Further, cell-based assays and molecular interaction studies were performed to explore the inhibitory potential of butein on lipoxygenase-5 (LOX-5) and hyaluronidase, prominent cancer markers. Further investigation revealed that butein arrests cell cycle progression, increases reactive oxygen species (ROS) generation, and disrupts the mitochondrial membrane potential (MMP), leading to both apoptotic and necrotic cell death. In addition, butein possesses good oral bioavailability, drug-like properties, and high gastrointestinal absorption in prediction studies, while it did not alter human erythrocytes' integrity in an ex vivo study, suggesting it is a possible candidate for future trials.