This compound is primarily utilized in biochemical research as a selective inhibitor targeting specific enzyme pathways, particularly protein kinase C (PKC). It is particularly effective in studying cellular processes related to signal transduction and kinase activity. Researchers employ it to investigate the mechanisms of cell proliferation and apoptosis, providing insights into potential therapeutic strategies for diseases like cancer. Additionally, its application extends to pharmacological studies where it aids in the development of novel drugs by testing their efficacy and safety profiles in inhibiting targeted enzymes. The compound's ability to modulate specific biological pathways makes it a valuable tool in both academic and pharmaceutical research settings.