IWP-2-V2 is widely used in biological research to study the Wnt signaling pathway, which plays a critical role in cell proliferation, differentiation, and tissue homeostasis. It is particularly valuable in stem cell research, where it helps inhibit Wnt production, allowing scientists to investigate the effects of Wnt pathway suppression on cell fate and development. This compound is also utilized in cancer research to explore the role of Wnt signaling in tumor growth and metastasis. Additionally, IWP-2-V2 is employed in developmental biology studies to understand its impact on embryonic development and organogenesis. Its ability to modulate Wnt signaling makes it a crucial tool for dissecting the molecular mechanisms underlying various biological processes and diseases.