This compound is primarily utilized in biochemical research, particularly in the study of plant hormones and their effects on growth and development. It serves as a valuable tool for investigating the mechanisms of action of natural plant growth regulators, aiding in the development of agricultural products that enhance crop yield and resilience. Additionally, it is employed in the synthesis and purification of related bioactive compounds, contributing to advancements in plant biology and sustainable farming practices. Its stability and solubility make it a preferred choice for experimental applications in laboratory settings.