This compound is primarily used in research and development within the field of lipid biochemistry and membrane studies. It serves as a synthetic analog of lysophosphatidic acid (LPA), which is a bioactive lipid molecule involved in various cellular processes. Researchers utilize it to study the signaling pathways and biological effects of LPA, particularly in cell proliferation, differentiation, and survival. Additionally, it is employed in the development of drug delivery systems, especially in liposomal formulations, where it can enhance the stability and targeting efficiency of encapsulated therapeutic agents. Its unique structure also makes it valuable in investigating lipid-protein interactions and membrane dynamics.