Used in cancer research due to its ability to inhibit the insulin-like growth factor 1 receptor (IGF-1R), which plays a role in tumor cell proliferation and survival. Shows potential as an anti-cancer agent, particularly in studies involving glioblastoma, melanoma, and other solid tumors. Demonstrates cytotoxic effects on cancer cells while sparing normal cells, making it a candidate for targeted therapy development. Also used as a reference compound in biochemical assays studying kinase inhibition and apoptosis induction.