Used extensively in cellular metabolism, this compound plays a critical role in energy production by facilitating electron transfer in redox reactions. It is essential in processes like glycolysis, the citric acid cycle, and oxidative phosphorylation, helping convert nutrients into ATP. Additionally, it is utilized in research to study enzyme kinetics and cellular signaling pathways. In biotechnology, it is employed in assays to measure enzymatic activity and in the production of biofuels. Its involvement in DNA repair mechanisms also makes it significant in studies related to aging and cancer.