This compound is primarily utilized in the field of biochemistry and pharmacology due to its unique properties. It is often employed as a derivative of lipoic acid, which is known for its antioxidant capabilities. The chemical is used in research to study cellular processes, particularly those involving oxidative stress and energy metabolism. Its structure allows it to act as a carrier or modifier in drug delivery systems, enhancing the bioavailability and stability of therapeutic agents. Additionally, it is explored in the development of treatments for conditions related to mitochondrial dysfunction and neurodegenerative diseases, where its ability to support cellular energy production and reduce oxidative damage is highly valuable.