This compound is primarily used in biochemical research to study lipid metabolism and enzyme activity. It serves as a substrate for enzymes like acyl-CoA synthetases and acyltransferases, helping to understand the biosynthesis of complex lipids such as phospholipids and triglycerides. Additionally, it is utilized in studies focusing on the arachidonic acid pathway, which plays a critical role in inflammation and signaling processes. Its application extends to investigating the mechanisms of lipid-related diseases and developing potential therapeutic targets.