Used primarily in research and pharmaceutical formulations as a model triglyceride to study lipid metabolism and lipase enzyme activity. Commonly employed in the development of lipid-based drug delivery systems, including emulsions, liposomes, and self-emulsifying drug delivery systems (SEDDS), due to its biocompatibility and natural occurrence in dietary fats. Also utilized in cosmetic formulations as a skin-conditioning agent and emollient, helping to improve texture and stability. Serves as a reference standard in lipidomics and mass spectrometry for identifying and quantifying triacylglycerols in biological samples.