This compound is widely used in research and development within the field of lipid biochemistry and membrane studies. It serves as a key component in creating model lipid bilayers and liposomes, which are essential for studying cell membrane behavior, interactions, and signaling pathways. Its unique structure, incorporating both saturated and unsaturated fatty acids, makes it particularly useful for mimicking natural cell membranes. Additionally, it is employed in drug delivery systems to enhance the stability and efficiency of encapsulated therapeutic agents. Its role in understanding lipid-protein interactions also contributes to advancements in neurodegenerative disease research and the development of targeted therapies.