This compound is widely used in the development of liposomal drug delivery systems due to its ability to form stable lipid bilayers. It enhances the encapsulation efficiency of hydrophobic drugs, improving their bioavailability and targeted delivery to specific tissues or cells. Additionally, it is utilized in research for studying membrane dynamics and lipid-protein interactions, providing insights into cellular processes. Its amphiphilic nature also makes it suitable for use in cosmetics and skincare formulations, where it acts as an emulsifier and stabilizer, improving product texture and efficacy.