This compound is widely used in biological and biochemical research to study intracellular signaling pathways. It plays a critical role in the regulation of calcium release within cells, making it a valuable tool for investigating cellular processes such as muscle contraction, neurotransmitter release, and cell growth. Researchers often utilize it to stimulate the inositol trisphosphate (IP3) receptor, which helps in understanding calcium dynamics and its impact on various physiological functions. Additionally, it is employed in drug discovery and development to identify compounds that modulate calcium signaling, which is relevant in treating conditions like cardiovascular diseases, neurological disorders, and cancer. Its application extends to studying the mechanisms of hormone action and receptor-mediated signaling in both normal and pathological states.