This compound is primarily used in the field of dermatology and ophthalmology for its anti-inflammatory and immunosuppressive properties. It is applied topically to treat various skin conditions such as eczema, psoriasis, and allergic reactions, where it helps reduce inflammation, itching, and redness. In ophthalmology, it is used to manage inflammatory conditions of the eye, such as uveitis and allergic conjunctivitis, providing relief from swelling and discomfort. Its acetylated form enhances its stability and absorption, making it effective in localized treatments. Additionally, it is sometimes utilized in veterinary medicine to address similar inflammatory conditions in animals.