This compound is widely used in research and development within the field of lipidomics and membrane biology. It serves as a model phospholipid to study the structure and function of cell membranes, particularly in understanding lipid bilayer dynamics and interactions. It is also utilized in the formulation of liposomes for drug delivery systems, where it helps improve the stability and efficiency of encapsulated therapeutic agents. Additionally, it plays a role in investigating lipid-protein interactions and signaling pathways in cellular processes. Its applications extend to cosmetic and pharmaceutical industries, where it is incorporated into formulations for its emulsifying and moisturizing properties.