This chemical is primarily used in the field of biochemistry and pharmacology for its role in lipid metabolism and cellular signaling. It serves as a precursor or intermediate in the synthesis of complex lipids, which are essential components of cell membranes. Researchers utilize it to study lipid bilayers and membrane dynamics, providing insights into cellular processes such as signal transduction and membrane fluidity. Additionally, it has potential applications in drug delivery systems, where it can be incorporated into liposomes or other nanocarriers to enhance the targeted delivery of therapeutic agents. Its unique structure also makes it a valuable tool in investigating the mechanisms of enzymes involved in lipid biosynthesis and degradation.