Provided is an aromatic ring compound having a GPR40 agonist activity. A compound represented by the formula (I):
wherein each symbol is as described in the DESCRIPTION, or a salt thereof has a GPR40 agonist activity, and is useful as an agent for the prophylaxis or treatment of diabetes and the like.
Provided is an aromatic ring compound having a GPR40 agonist activity. A compound represented by the formula (I):
wherein each symbol is as described in the DESCRIPTION, or a salt thereof has a GPR40 agonist activity, and is useful as an agent for the prophylaxis or treatment of diabetes and the like.