Used in pharmaceutical research as a potent and selective inhibitor of protein arginine methyltransferase 1 (PRMT1), an enzyme involved in epigenetic regulation. It shows promise in studying cancer cell proliferation and differentiation due to its ability to modulate methylation of histone and non-histone proteins. Demonstrates good cellular permeability and is employed in biochemical assays to investigate signal transduction pathways linked to transcriptional regulation. Also utilized as a lead compound in the development of anti-cancer agents targeting epigenetic enzymes.