Used extensively in biochemical research, it serves as a coenzyme in redox reactions, playing a crucial role in cellular metabolism. It is essential in studies involving mitochondrial function and energy production. Additionally, it is utilized in enzyme assays and as a substrate for various dehydrogenases. In industrial applications, it aids in the production of pharmaceuticals and nutraceuticals, particularly those aimed at enhancing cellular health and combating oxidative stress. It is also employed in the development of biosensors for detecting metabolic activities in cells.