This compound is primarily utilized in research related to lipid metabolism and membrane biology. It serves as a model phospholipid to study the behavior of oxidized lipids in cellular membranes, particularly in understanding oxidative stress and its impact on membrane integrity. It is also employed in the development of liposomes for drug delivery systems, where its unique structure helps in mimicking natural cell membranes for enhanced biocompatibility. Additionally, it is used in studies focusing on atherosclerosis and inflammation, as it can simulate the effects of oxidized low-density lipoproteins (LDL) in vascular tissues. Its role in signaling pathways and cellular responses to oxidative damage is another key area of application.