This chemical is widely used in biochemical and biotechnological research due to its unique properties. It is primarily employed in the preparation of lipid bilayers and liposomes, which serve as models for studying cell membranes. The biotinyl group allows for specific binding to avidin or streptavidin, making it valuable in applications such as targeted drug delivery, immunoassays, and cellular imaging. Additionally, it is utilized in the development of biosensors and diagnostic tools, where its ability to form stable complexes with proteins enhances detection sensitivity. Its amphiphilic nature also makes it suitable for use in nanotechnology and the creation of functionalized nanomaterials.