This compound is primarily used in the development of drug delivery systems, particularly in the formulation of liposomes. Its unique structure allows it to enhance the stability and efficiency of liposomal carriers, making it valuable for targeted delivery of therapeutic agents, such as anticancer drugs. It is also employed in research to study membrane interactions and lipid bilayers, aiding in the understanding of cellular processes. Additionally, its biocompatibility makes it suitable for use in diagnostic imaging and other biomedical applications.