This compound is primarily utilized in the field of biochemistry and medical research, particularly in studies related to lipid metabolism and cellular signaling. It serves as a key component in the development of liposomes and other lipid-based drug delivery systems, enhancing the stability and efficacy of therapeutic agents. Additionally, it is employed in the investigation of inflammatory processes, as it can mimic certain lipid mediators involved in inflammation. Researchers also use it to study enzyme interactions and mechanisms within biological membranes, providing insights into metabolic pathways and potential therapeutic targets.