This chemical is primarily used in the synthesis of glycolipids, which are important biomolecules with applications in various fields. In the pharmaceutical industry, it serves as a key intermediate in the development of drug delivery systems, particularly for enhancing the solubility and bioavailability of hydrophobic drugs. Its amphiphilic nature makes it suitable for creating liposomes and micelles, which are used to encapsulate and deliver therapeutic agents to specific targets in the body.

In the cosmetic industry, this compound is utilized in the formulation of moisturizers and skin care products due to its ability to improve skin hydration and barrier function. Its structure allows it to act as an emollient, helping to soften and smooth the skin.

Additionally, it finds applications in research as a model compound for studying the biochemical pathways and interactions of glycolipids in cellular membranes. This helps in understanding cell signaling, immune responses, and the role of glycolipids in diseases such as cancer and infections.

In the food industry, it can be used as an emulsifier or stabilizer, aiding in the texture and consistency of various food products. Its biocompatibility and non-toxic nature make it a safe additive for enhancing the quality of processed foods.