Isoboonein acetate is primarily used in research settings for its potential biological activity. It has shown interest in pharmacological studies due to its structural properties that may influence cellular pathways. The compound is investigated for its anti-inflammatory and antioxidant effects, making it a candidate for early-stage drug development. It is also utilized in analytical chemistry as a reference standard for identifying related natural products. Due to its stability and reactivity profile, it serves as an intermediate in synthesizing derivatives with enhanced bioactivity. Applications remain largely confined to laboratory and experimental studies, with no current industrial or commercial use reported.