Used as a model compound in lipid research, particularly in studies involving membrane bilayer formation and dynamics. It serves as a substrate in enzymatic assays targeting phospholipases and lipases due to its mixed acyl chain structure. Commonly employed in the preparation of liposomes and lipid nanoparticles for drug delivery systems, where its hydroxy and phospho-glycerol moieties enhance structural stability and biocompatibility. Also utilized in mass spectrometry and NMR studies to analyze lipid-lipid and lipid-protein interactions in simulated cellular environments.