Used extensively in the pharmaceutical and nutraceutical industries as a key component in drug delivery systems, particularly in liposomes and nanoparticles, to enhance the bioavailability and targeted delivery of therapeutic agents. It is also employed in the formulation of dietary supplements to support liver health and improve cognitive function. In the cosmetic industry, it serves as an emulsifier and moisturizer, helping to stabilize formulations and improve skin hydration. Additionally, it is utilized in research laboratories as a model membrane lipid for studying cell membrane dynamics and interactions.