Used primarily in research settings, this compound has been investigated for its male contraceptive properties due to its ability to suppress sperm production. It also shows potential as an anticancer agent, with studies indicating activity against various tumor cell lines by inducing apoptosis and inhibiting cell proliferation. Additionally, it has been explored for antiviral applications, particularly in inhibiting replication of certain viruses. Its acetic acid form helps improve solubility and stability for experimental use in biological systems.