This compound is primarily utilized in biochemical research as a potent and selective inhibitor of protein kinase C (PKC). It is particularly valuable in studies focused on understanding the role of PKC in cellular signaling pathways. Researchers employ it to investigate the mechanisms of PKC-mediated processes, such as cell proliferation, differentiation, and apoptosis. Additionally, it is used to explore the involvement of PKC in various diseases, including cancer, cardiovascular disorders, and neurological conditions. Its application helps in the development of targeted therapeutic strategies by providing insights into PKC inhibition and its effects on cellular functions.