This compound is primarily utilized in biochemical research as a potent and selective inhibitor of protein kinase C (PKC). It is particularly valuable in studies aimed at understanding the role of PKC in cellular signaling pathways. Researchers use it to investigate how PKC influences processes such as cell proliferation, differentiation, and apoptosis. Additionally, it has been employed in experiments to explore its potential effects on various diseases, including cancer and cardiovascular disorders, where PKC activity is often dysregulated. Its ability to specifically target PKC makes it a crucial tool for elucidating the complex mechanisms underlying these conditions.