Used primarily in lipid research and pharmaceutical formulations as a model triglyceride to study lipid metabolism and lipase enzyme activity. Commonly employed in the development of lipid-based drug delivery systems, including emulsions and liposomes, due to its biocompatibility and structural stability. Also utilized in cosmetic formulations as an emollient and skin-conditioning agent. Serves as a standard in mass spectrometry and chromatographic analysis of complex lipid mixtures.