A small molecule promotor of hepatocyte differentiation; induces maturation of iHeps to a more adult-like liver phenotype in a concentration-dependent manner; increases albumin secretion and promotes hepatocyte morphologies including polygonal cell shapes, visible nuclei, and formation of bile canaliculi in iHeps; increases expression of ABCB11 and BSEP mRNA as well as activity of CYP3A and CYP2A6 in iHeps,