Used as a synthetic phospholipid in the formulation of liposomes for drug delivery systems, particularly in targeted therapies and controlled release applications. Its long alkyl chains provide membrane stability and influence bilayer fluidity, making it suitable for encapsulating hydrophobic and hydrophilic drugs. Commonly employed in research and development of nanocarriers for anticancer agents, vaccines, and diagnostic imaging. Also utilized in model membrane studies to mimic biological cell membranes due to its structural similarity to natural phospholipids.