This compound 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 study of lipid bilayers, which are fundamental to understanding cell membrane structure and function. Researchers utilize it to create model membranes that mimic natural cell membranes, enabling the investigation of membrane dynamics, permeability, and interactions with proteins or drugs. Additionally, it is employed in the development of liposomes for drug delivery systems, where it helps encapsulate therapeutic agents and improve their targeted delivery to specific cells or tissues. Its presence in formulations also contributes to the stability and functionality of lipid-based nanoparticles. Beyond research, it finds application in cosmetics and personal care products, where it acts as an emulsifier and skin-conditioning agent, enhancing the texture and moisturizing properties of creams and lotions.