This chemical is widely used in the development of drug delivery systems, particularly in the formulation of liposomes and nanoparticles. Its amphiphilic nature allows it to stabilize lipid bilayers, enhancing the encapsulation and controlled release of therapeutic agents. It is commonly employed in targeted cancer therapies, where it helps in prolonging the circulation time of drugs in the bloodstream, reducing off-target effects, and improving delivery to specific tissues or cells. Additionally, it is utilized in the preparation of stealth liposomes, which evade the immune system, thereby increasing the efficacy of the encapsulated drugs. Its application also extends to diagnostic imaging, where it aids in the development of contrast agents for improved visualization of biological structures.