Used primarily in research settings, this compound is valuable for studying the mechanisms of action of certain bioactive molecules. It serves as a reference standard in analytical chemistry to ensure the accuracy and reliability of experimental results. Additionally, it is utilized in pharmacological studies to investigate its potential effects on biological systems, particularly in understanding its interaction with specific receptors or enzymes. Its role in the development of new therapeutic agents is also of interest, as it may provide insights into the design of more effective drugs.