Used primarily in research and development, this chemical is a key component in the formation of model lipid bilayers and liposomes. These structures are essential for studying membrane behavior, protein-lipid interactions, and drug delivery systems. Its stability and resistance to oxidation make it particularly useful in experiments requiring long-term integrity of lipid membranes. Additionally, it is employed in the development of biosensors and diagnostic tools, where consistent and reliable membrane properties are crucial. Its application extends to the field of nanotechnology, where it aids in the creation of nanoscale drug carriers and other advanced delivery mechanisms.