This compound is primarily utilized in research and development within the fields of biochemistry and biophysics. It serves as a valuable tool for studying membrane dynamics and lipid interactions due to its fluorinated structure, which allows for enhanced detection using techniques like NMR and fluorescence spectroscopy. It is often incorporated into lipid bilayers to mimic natural cholesterol behavior while providing unique properties for probing membrane structure and function. Additionally, it has potential applications in the development of drug delivery systems, where its fluorinated nature can improve stability and targeting efficiency. Its use in advanced imaging studies also aids in understanding cellular processes and lipid-protein interactions.