Acetyl phosphate (lithium potassium) is primarily used in biochemical research and enzymatic studies. It serves as a substrate or intermediate in various enzymatic reactions, particularly in the study of kinases and phosphatases. This compound is often employed in assays to investigate the mechanisms of phosphorylation and dephosphorylation processes, which are crucial for understanding cellular signaling pathways. Additionally, it is utilized in the synthesis of acetyl-CoA, a key molecule in metabolic pathways such as the citric acid cycle and fatty acid synthesis. Its role in these processes makes it valuable for studying energy metabolism and enzyme kinetics in both academic and industrial research settings.