This compound is widely used in biochemical and pharmacological research due to its role as a signaling molecule. It is particularly significant in studies involving cell proliferation, differentiation, and survival, as it interacts with specific G-protein-coupled receptors on cell surfaces. Researchers utilize it to investigate pathways related to cancer, inflammation, and fibrosis, as it can influence cellular responses in these contexts. Additionally, it is employed in lipid metabolism studies to understand its impact on lipid signaling and membrane dynamics. Its application extends to drug development, where it serves as a reference compound for testing potential therapeutic agents targeting lysophosphatidic acid receptors.