This compound is primarily used in research settings to study protein kinase C (PKC) signaling pathways. It acts as a selective inhibitor of PKC β isoforms, making it valuable for understanding the role of these enzymes in cellular processes such as proliferation, differentiation, and apoptosis. Researchers utilize it to investigate the involvement of PKC β in diseases like cancer, diabetes, and cardiovascular disorders. It is also employed in experimental studies to dissect the mechanisms of PKC-mediated signal transduction and to develop potential therapeutic strategies targeting PKC activity.