This chemical is widely used in biochemical research and pharmaceutical development due to its role as a phospholipid analog. It serves as a key component in studying cell membrane dynamics, lipid metabolism, and signal transduction pathways. In drug delivery systems, it is utilized to enhance the stability and bioavailability of liposomal formulations. Additionally, it is employed in the development of surfactants and emulsifiers for cosmetic and personal care products, improving texture and skin compatibility. Its applications also extend to the field of nanotechnology, where it is used to create lipid-based nanoparticles for targeted therapies.