This compound is primarily utilized in research settings, particularly in the study of metabolic disorders and diabetes. It functions as a potent agonist for certain receptors involved in lipid metabolism, making it valuable for investigating pathways related to glucose and fatty acid regulation. Researchers employ it to explore potential therapeutic strategies for conditions like obesity, insulin resistance, and non-alcoholic fatty liver disease. Its application extends to preclinical studies aimed at understanding the mechanisms of metabolic regulation and developing targeted treatments for metabolic syndrome.