This chemical is primarily utilized in biochemical research as a fluorescent probe. Its unique structure allows it to bind specifically to certain lipids, enabling the visualization and tracking of lipid molecules within cellular membranes. Researchers employ it to study lipid metabolism, membrane dynamics, and intracellular transport processes. The nitrobenzoxadiazol (NBD) group in the molecule provides strong fluorescence, making it an effective tool for imaging and analysis using fluorescence microscopy. Additionally, its amino and diol groups enhance its ability to interact with biological systems, making it suitable for labeling and detecting specific lipid species in complex biological samples.