It's often used figuratively to describe something that is claimed to solve a wide range of problems, but in reality, it's usually not a true solution. The idea of a panacea is often associated with unrealistic expectations and wishful thinking.
Here are some examples of how the word "panacea" might be used:
* "Some people believe that technology is the panacea for all our problems." This suggests that technology is often seen as a solution to various issues, even though it might not always be the case.
* "There is no panacea for the complex issues facing our society." This implies that there is no single, easy solution to the challenges we face.
Think of "panacea" as a catch-all solution that's often too good to be true.