This compound is primarily used in medical applications due to its potent anti-inflammatory and immunosuppressive properties. It is often employed in the treatment of various inflammatory conditions such as arthritis, asthma, and allergic reactions. Additionally, it is utilized in managing autoimmune diseases like lupus and rheumatoid arthritis, where it helps to reduce immune system activity and inflammation. The compound is also effective in treating skin conditions such as eczema and psoriasis, providing relief from itching and swelling. In some cases, it is administered to prevent organ rejection in transplant patients by suppressing the immune response. Its ability to modulate immune activity makes it a critical component in the management of a wide range of medical conditions.