Used in liposome formulation for drug delivery systems, particularly in pulmonary surfactant research and development. Its structural similarity to natural phospholipids makes it suitable for stabilizing lipid bilayers and improving the biocompatibility of nanocarriers. Commonly employed in studies involving membrane fluidity and phase behavior of lipid mixtures. Also utilized as a surfactant in inhalation therapies and as a component in synthetic lung surfactants for treating respiratory distress syndrome.