This chemical is primarily utilized in the synthesis of specialized lipids and fatty acid derivatives, which are essential in the development of advanced drug delivery systems. Its unique structure allows it to act as a surfactant, enhancing the solubility and stability of hydrophobic compounds in aqueous environments. This property makes it valuable in the formulation of emulsions and micelles for targeted drug delivery. Additionally, it is employed in research focused on modifying cell membrane properties, aiding in studies related to cellular uptake mechanisms and membrane fluidity. Its application extends to the field of material science, where it is used to create functionalized surfaces for biomedical devices.