Used primarily in pharmaceutical research, this compound is a key analog in the development of immunomodulatory and anticancer agents. It functions by enhancing cytokine production, modulating immune responses, and inhibiting the growth of certain tumor cells. Its structure supports binding to cereblon, a protein involved in protein degradation pathways, making it valuable in targeted protein degradation therapies. It is also investigated for use in treating hematological malignancies and inflammatory conditions due to its ability to influence cell signaling and apoptosis.