CAY10723 is primarily utilized in research settings to study its effects on specific biological pathways. It is often employed in biochemical assays to investigate its role as an inhibitor or activator of certain enzymes or proteins. Researchers use it to explore potential therapeutic applications, particularly in areas like inflammation or cellular signaling. Its application extends to in vitro studies, where it helps in understanding molecular mechanisms and interactions within cells. Additionally, it may be used in drug discovery projects to evaluate its efficacy and safety profile in preclinical models.