This compound is primarily utilized in biochemical research as a selective inhibitor of protein kinase C (PKC), an enzyme involved in various cellular processes. By inhibiting PKC, it helps researchers study the role of this enzyme in signal transduction pathways, cell proliferation, and apoptosis. It is also employed in studies related to cancer biology, as PKC is often implicated in tumor growth and progression. Additionally, it serves as a valuable tool in neuroscience research to explore the role of PKC in neuronal signaling and brain function. Its application extends to pharmacological studies aimed at developing therapeutic agents targeting PKC-related diseases.