Used primarily in lipid research and formulation of structured triglycerides, this compound serves as a model lipid for studying enzymatic specificity, lipase activity, and lipid metabolism. It is also employed in the development of functional foods and nutraceuticals due to its defined fatty acid composition, which supports investigations into the health effects of mixed dietary fats. In cosmetic formulations, it acts as an emollient and skin-conditioning agent, enhancing the stability and absorption of topical products. Its well-characterized structure makes it valuable in mass spectrometry and chromatography for use as a reference standard in lipidomics.