Used in research to block the insulin-like growth factor 1 receptor (IGF-1R), this compound helps study signaling pathways involved in cell growth and survival. It is applied in cancer research to evaluate the inhibition of tumor cell proliferation, particularly in cancers where IGF-1R signaling is overactive, such as breast, lung, and prostate cancers. It also supports studies on drug resistance and is used in combination therapies with other anticancer agents to enhance efficacy. Due to its role in modulating growth pathways, it is also explored in metabolic and aging-related research.