This compound is widely used in the formulation of liposomes and other lipid-based drug delivery systems. Its amphiphilic nature allows it to form stable bilayers, making it ideal for encapsulating therapeutic agents and enhancing their bioavailability. It is also employed in cosmetic products as an emulsifier and skin-conditioning agent, helping to stabilize formulations and improve skin hydration. Additionally, it is utilized in research studies to model cell membranes and investigate lipid-protein interactions, providing insights into cellular processes and membrane dynamics. Its biocompatibility and ability to mimic natural phospholipids make it valuable in both pharmaceutical and biomedical applications.