Used primarily in research settings to study peroxisome proliferator-activated receptors (PPARs), particularly PPARα. It serves as a potent agonist for PPARα, making it valuable in understanding lipid metabolism, inflammation, and related pathways. Its application extends to investigating liver disorders, as it induces hepatocyte proliferation and influences lipid homeostasis. Additionally, it has been utilized in experimental models to explore its potential effects on hyperlipidemia and other metabolic conditions. However, its use is limited to laboratory studies and not approved for therapeutic purposes in humans.