This compound is primarily utilized in biochemical research and pharmaceutical development, particularly in studies involving lipid metabolism and cell signaling pathways. Its unique structure allows it to act as a modulator or inhibitor of specific enzymes, such as phospholipases or kinases, which are critical in cellular processes. Researchers employ it to investigate the role of lipid-derived signaling molecules in inflammation, cancer, and other diseases. Additionally, it may serve as a precursor or intermediate in the synthesis of more complex bioactive molecules, aiding in the development of novel therapeutic agents. Its ammonium salt form enhances solubility, making it suitable for in vitro and in vivo experimental applications.