Used in lipid signaling research due to its structural similarity to bioactive lipid intermediates. It serves as a substrate or inhibitor in enzyme assays involving phospholipases and lipid kinases. Commonly employed in studies of lipid metabolism pathways, particularly those related to cell membrane dynamics and signal transduction. Its cyclic phosphate group makes it valuable for probing the activity of enzymes that recognize cyclic nucleotide-like structures in cellular systems. Often utilized in in vitro models to mimic natural lipid mediators involved in inflammatory and apoptotic processes.