Used in bioconjugation processes to introduce palmitoyl groups onto proteins or peptides, mimicking post-translational modifications for research in cell signaling and membrane localization. Commonly employed in the synthesis of labeled biomolecules for studies involving protein-lipid interactions. Also applied in drug delivery systems where lipophilic modifications enhance cellular uptake. Stable under a variety of reaction conditions, making it suitable for use in both aqueous and organic solvents during biochemical assays and synthetic chemistry workflows.