This compound is primarily utilized in the field of lipid research and membrane studies. It serves as a critical component in the formulation of model lipid bilayers, which are essential for understanding the behavior of cell membranes. Researchers employ it to investigate lipid-protein interactions, membrane fluidity, and the structural dynamics of lipid assemblies. Additionally, it is used in the development of drug delivery systems, particularly in the creation of liposomes and other nano-carriers designed to enhance the targeted delivery of therapeutic agents. Its unique properties also make it valuable in studies focused on the role of specific lipids in cellular signaling pathways and membrane-associated processes.