This chemical is widely used in the formulation of liposomes and lipid-based drug delivery systems due to its ability to enhance membrane stability and improve encapsulation efficiency. It serves as a key component in creating biocompatible vesicles for targeted drug delivery, particularly in cancer therapy and vaccine development. Additionally, it is employed in cosmetic products as an emulsifier and moisturizing agent, helping to improve skin hydration and texture. In research, it is utilized to study membrane dynamics and lipid-protein interactions, providing insights into cellular processes. Its role in stabilizing lipid bilayers also makes it valuable in the development of biosensors and diagnostic tools.