This compound is widely used in the formulation of liposomes and other lipid-based drug delivery systems due to its amphiphilic nature, which allows it to form stable bilayers. It is particularly valuable in the development of targeted therapies, as it can encapsulate both hydrophilic and hydrophobic drugs, enhancing their bioavailability and controlled release. Additionally, it is employed in cosmetic products as an emulsifier and stabilizer, improving the texture and consistency of creams and lotions. Its biocompatibility and ability to mimic natural cell membranes also make it a key component in research applications, such as membrane studies and cellular uptake experiments.