This compound is primarily used in the development of advanced drug delivery systems, particularly for targeted and controlled release of therapeutic agents. Its unique structure allows it to form stable liposomes or nanoparticles, which can encapsulate drugs and improve their bioavailability. It is also employed in gene therapy as a component of non-viral vectors, facilitating the efficient delivery of genetic material into cells. Additionally, it finds application in cosmetic formulations, where it enhances the stability and penetration of active ingredients in skincare products. Its amphiphilic nature makes it suitable for use in emulsifiers and stabilizers in various industrial applications.