This chemical is primarily used in biological research to study cell signaling pathways, particularly those involving the PDGFR (platelet-derived growth factor receptor). It acts as a potent activator of the PI3K (phosphoinositide 3-kinase) pathway, which is crucial for understanding cell growth, survival, and metabolism. Researchers utilize it to mimic PDGFR signaling in experimental settings, helping to investigate the role of this pathway in various cellular processes, including cancer progression and tissue regeneration. Its application is valuable in developing targeted therapies for diseases where PDGFR signaling is dysregulated, such as certain cancers and fibrotic disorders.