This compound is primarily utilized in the field of lipid research and biotechnology. It serves as a key component in the study of membrane dynamics and lipid interactions due to its unique structure, which includes both hydrophobic and hydrophilic regions. Researchers employ it to model cell membranes and investigate the behavior of lipids in various biological processes. Additionally, it is used in the development of lipid-based drug delivery systems, where it helps enhance the stability and efficacy of therapeutic agents. Its role in modulating membrane fluidity and permeability also makes it valuable in the formulation of liposomes and other nanocarriers for targeted drug delivery. Furthermore, it finds application in cosmetic formulations, where it acts as an emulsifier and skin-conditioning agent, improving the texture and absorption of skincare products.