This compound is widely used in the formulation of liposomes and lipid-based drug delivery systems due to its ability to enhance membrane stability and biocompatibility. It serves as a key component in creating model membranes for studying cellular processes, particularly in neuroscience research, where it mimics the properties of neuronal membranes. Additionally, it is employed in the development of targeted cancer therapies, as it can improve the delivery of chemotherapeutic agents to tumor cells while minimizing off-target effects. Its role in vaccine adjuvants is also notable, as it helps stimulate immune responses by enhancing antigen presentation. Furthermore, it is utilized in cosmetic formulations to improve skin hydration and barrier function.