Used as a research compound to inhibit both cyclooxygenase and lipoxygenase pathways, helping to study inflammatory processes and the role of eicosanoids in immune responses. It has been applied in experimental models to reduce inflammation, allergic reactions, and platelet aggregation. Also utilized in studies exploring asthma, arthritis, and other conditions involving prostaglandin and leukotriene production. Its dual inhibitory action makes it a tool for understanding cross-talk between inflammatory pathways.