This compound is primarily utilized in the development of advanced drug delivery systems due to its unique amphiphilic properties. Its structure, featuring both hydrophilic and hydrophobic regions, makes it an effective component for creating micelles and liposomes, which are used to encapsulate and deliver therapeutic agents to specific targets in the body. Additionally, it is employed in the formulation of biocompatible polymers for medical devices and coatings, enhancing their performance and compatibility with biological tissues. Its role in stabilizing emulsions and improving solubility of poorly water-soluble drugs further underscores its significance in pharmaceutical and biomedical research.