Widely used in lipid research as a synthetic lipid analog to study membrane dynamics and lipid-protein interactions. It serves as a key component in the development of liposomes and other drug delivery systems, enhancing stability and bioavailability. Applied in the formulation of cosmetic products to improve skin hydration and barrier function. Also utilized in the creation of biomimetic membranes for biophysical studies and as a reference compound in analytical chemistry for lipid identification and quantification.