This chemical is widely used in the field of lipid research and biotechnology due to its role as a phospholipid. It serves as a key component in the formation of lipid bilayers, making it essential for creating model membranes in studies related to cell membrane structure and function. Additionally, it is utilized in the development of liposomes, which are employed for drug delivery systems, enabling targeted and controlled release of therapeutic agents. Its properties also make it valuable in studying lipid-protein interactions and signal transduction pathways, contributing to advancements in biochemistry and molecular biology.