Used in biochemical research to study cellular signaling pathways, particularly those involving inositol phosphates. It serves as a key intermediate in the metabolism of inositol polyphosphates, aiding in understanding processes like calcium mobilization and gene expression. Applied in experiments to investigate enzyme activities, such as kinases and phosphatases, that regulate inositol phosphate metabolism. Also utilized in developing assays to measure inositol phosphate levels in cells, contributing to research on diseases like cancer and diabetes. Its role in modulating cellular functions makes it valuable for exploring therapeutic targets and drug development.