bpV(phen) is primarily used in biochemical and pharmacological research due to its role as a potent inhibitor of protein tyrosine phosphatases (PTPases). This property makes it valuable in studying cellular signaling pathways, particularly those involving insulin and growth factors. It is often employed to investigate the mechanisms of insulin resistance and diabetes, as it can enhance insulin signaling by inhibiting PTPases that negatively regulate the insulin receptor. Additionally, bpV(phen) is utilized in cancer research to explore its potential in disrupting signaling pathways that promote tumor growth and survival. Its ability to modulate phosphatase activity also makes it a useful tool in studying cell proliferation, differentiation, and apoptosis.