This compound plays a significant role in biological membranes, particularly in the regulation of membrane fluidity and stability. It is often utilized in biological and pharmacological research to study lipid bilayers and their interactions with proteins, helping to understand cellular processes like signaling and transport, as well as biochemical processes in cells. It is also applied in the development of new drugs and treatments for various diseases, such as neurological disorders and inflammatory conditions. Additionally, it serves as a key component in the development of liposomes for drug delivery systems, enhancing the efficiency and targeting of therapeutic agents. Its unique structure also makes it valuable in cosmetic formulations, where it contributes to skin barrier repair and moisturization.