Isopentenyl phosphate dilithium salt is primarily utilized in biochemical research and pharmaceutical development. It serves as a key intermediate in the synthesis of isoprenoid compounds, which are essential for producing various biologically active molecules, including vitamins, hormones, and natural products. This chemical is also employed in enzymatic studies to understand the biosynthesis pathways of terpenes and steroids. Additionally, it plays a role in the development of novel therapeutics, particularly in targeting metabolic disorders and cancer. Its stability and solubility make it a valuable reagent in laboratory settings for controlled reactions and experimental protocols.