This compound is primarily utilized in research focused on understanding cell signaling and membrane interactions. It plays a significant role in studies related to lipid rafts and their function in cellular processes. Additionally, it is used in the investigation of bacterial and viral infections, as it can serve as a receptor for certain pathogens. Researchers also employ it in the development of therapeutic strategies targeting diseases associated with lipid metabolism and storage disorders. Its application extends to the field of immunology, where it aids in exploring immune responses and potential vaccine development.