An agonist of PPARα, PPARγ, and PPARδ (EC50s = 22.4, 1.47, and 1.06 µM, respectively, in a transactivation assay) and an active metabolite of fenofibrate; inhibits COX-2 activity in a cell-free assay (IC50 = 0.048 µM); reduces AOX1 protein levels in HepG2 cells at 500 µM; reduces carrageenan-induced paw edema in rats at 10 mg/kg