Primarily used as an antifungal agent, this compound is effective against a range of fungal infections, particularly those caused by Candida and Aspergillus species. It works by inhibiting the synthesis of beta-(1,3)-D-glucan, an essential component of the fungal cell wall, leading to cell lysis and death. Its application is crucial in treating invasive fungal infections in immunocompromised patients, such as those undergoing chemotherapy or organ transplantation. Additionally, it is utilized in research settings to study fungal cell wall biosynthesis and the mechanisms of antifungal resistance. Its hydrochloride form enhances solubility, making it more suitable for intravenous administration in clinical settings.