Oxy-arachidonoyl ethanolamide is primarily researched for its potential role in the endocannabinoid system, where it may interact with cannabinoid receptors to modulate physiological processes. It has been studied for its anti-inflammatory and neuroprotective properties, showing promise in conditions like chronic pain, neurodegenerative diseases, and inflammation-related disorders. Additionally, its involvement in lipid signaling pathways suggests potential applications in metabolic regulation and cardiovascular health. Research is ongoing to explore its therapeutic potential in these areas.