Phospholipase D from Streptomyces chromofuscus is widely used in biotechnology and research for its ability to modify phospholipids. It is employed in the production of phosphatidic acid and other phospholipid derivatives, which are essential in studying cell signaling pathways and membrane dynamics. In the food industry, it is utilized to improve the texture and stability of emulsified products like sauces and dressings. Additionally, it plays a role in the synthesis of specialty lipids for pharmaceutical applications, particularly in drug delivery systems. Its enzymatic activity is also leveraged in biochemical assays to investigate lipid metabolism and enzyme kinetics.