Used as a potent insulin mimetic agent in biochemical research, enhancing glucose uptake in insulin-sensitive cells. It activates insulin receptor substrates and downstream signaling pathways, making it valuable in diabetes-related studies. Also employed to investigate protein tyrosine phosphatase inhibition, which plays a role in regulating cell signaling processes. Its peroxo groups contribute to oxidative activation of intracellular kinases, supporting studies on cell growth, metabolism, and signal transduction mechanisms.