This compound is widely used in the development of drug delivery systems, particularly in the creation of liposomes and lipid-based nanoparticles. Its unique structure allows it to act as a functionalized lipid, enabling the conjugation of targeting ligands or therapeutic agents through the pyridyldithio group. This facilitates targeted delivery of drugs to specific cells or tissues, enhancing therapeutic efficacy while minimizing off-target effects. It is also employed in the study of membrane dynamics and protein-lipid interactions due to its ability to form stable lipid bilayers. Additionally, it serves as a key component in the preparation of immunoliposomes for cancer therapy, where it helps in attaching antibodies to the liposome surface for precise tumor targeting.