This compound is widely used in the field of lipid research and biochemistry due to its role as a phospholipid. It serves as a key component in the study of cell membranes, helping researchers understand membrane structure, dynamics, and function. It is also utilized in the development of liposomes and other drug delivery systems, where it acts as a stabilizing agent to encapsulate and transport therapeutic compounds effectively. Additionally, it finds application in cosmetic formulations, where it enhances the moisturizing properties and improves skin barrier function. Its amphiphilic nature makes it valuable in emulsification processes, particularly in food and pharmaceutical industries.