This chemical is widely used in biological research as a fluorescent lipid probe. It is particularly valuable for labeling and tracking membranes in live cells due to its strong fluorescence and ability to integrate into lipid bilayers. Researchers utilize it to study membrane dynamics, lipid trafficking, and cell fusion processes. Its application extends to visualizing lipid distribution in model membranes and investigating membrane interactions in various cellular environments. Additionally, it is employed in fluorescence microscopy and flow cytometry to analyze membrane properties and cellular behavior in real-time.