Used primarily to treat lipid disorders, this compound helps lower elevated levels of triglycerides and low-density lipoprotein (LDL) cholesterol while increasing high-density lipoprotein (HDL) cholesterol. It works by activating peroxisome proliferator-activated receptors (PPARs), which regulate fatty acid metabolism. Commonly prescribed for patients with hypertriglyceridemia or mixed dyslipidemia, it reduces the risk of cardiovascular events. It may also be used in managing metabolic syndrome and type 2 diabetes due to its beneficial effects on insulin sensitivity and lipid profiles.