This chemical is primarily utilized in the field of lipid research and membrane studies. It serves as a key component in the creation of liposomes, which are used for drug delivery systems due to their ability to encapsulate and transport therapeutic agents effectively. Additionally, it plays a role in studying cell membrane properties, helping researchers understand lipid interactions and bilayer dynamics. Its unique structure also makes it valuable in investigating the behavior of phospholipids in biological systems, contributing to advancements in biochemistry and biophysics.