This compound is widely used in research and development within the field of lipid biochemistry and membrane studies. It serves as a critical component in model membrane systems, helping scientists understand the behavior and interactions of phospholipids in cellular membranes. Its application extends to studying membrane fluidity, lipid-protein interactions, and signal transduction processes. Additionally, it is utilized in drug delivery systems, particularly in the formulation of liposomes, to enhance the stability and efficacy of therapeutic agents. Its role in mimicking natural cell membranes also makes it valuable in biophysical studies and the development of biomimetic materials.