Used as a substrate in enzymatic assays to study the activity of phosphatases and kinases, which are crucial in cellular signaling and metabolism. It serves as a precursor in the synthesis of phospholipids, essential components of cell membranes. In biochemical research, it is employed to investigate metabolic pathways, particularly glycolysis and glycerolipid metabolism. Additionally, it is utilized in the production of biodegradable plastics and as a nutrient supplement in microbial cultures to enhance growth and productivity. Its role in energy metabolism makes it valuable in studies related to cellular energy regulation and storage.