This compound is primarily utilized in research and development within the field of lipid biochemistry and membrane studies. It serves as a model phospholipid to investigate the structure and function of cell membranes, particularly in understanding lipid bilayer dynamics and interactions. Its unique structure allows for the study of how specific lipids influence membrane properties, such as fluidity and permeability. Additionally, it is used in the development of liposomes and other drug delivery systems, where its properties can enhance the stability and targeting efficiency of therapeutic agents. In biochemical assays, it aids in studying enzymatic activities related to lipid metabolism and signaling pathways. Its applications extend to exploring the role of lipids in cellular processes and disease mechanisms, making it a valuable tool in biomedical research.