This chemical is widely used in the field of lipid research and membrane biology due to its role as a phospholipid. It serves as a key component in the formation of liposomes, which are used as drug delivery systems to encapsulate and transport therapeutic agents to specific targets in the body. Its amphiphilic nature allows it to stabilize emulsions and membranes, making it valuable in studies involving cell membrane dynamics and lipid bilayers. Additionally, it is employed in cosmetic formulations to enhance skin barrier function and improve moisturization. In the food industry, it acts as an emulsifier, helping to blend ingredients that would otherwise separate. Its applications also extend to biotechnology, where it is utilized in the development of artificial cell models and membrane-based assays.