Nicaraven is primarily used as a neuroprotective agent, particularly in scenarios involving ischemia-reperfusion injury. It is effective in reducing oxidative stress and preventing cellular damage in the brain following strokes or traumatic brain injuries. The compound works by scavenging free radicals and inhibiting lipid peroxidation, which helps in preserving neuronal function and integrity. Additionally, Nicaraven has shown potential in improving outcomes after cardiac arrest by protecting the brain from hypoxic damage. Its application extends to experimental treatments for neurodegenerative diseases, where it may help mitigate the progression of conditions like Alzheimer's and Parkinson's by reducing oxidative damage to neural tissues.