This compound is widely used in research and development within the field of lipid biochemistry and membrane studies. It serves as a key component in creating model lipid bilayers, which are essential for studying cell membrane properties and interactions. Additionally, it is utilized in the formulation of liposomes for drug delivery systems, enhancing the stability and efficiency of encapsulated therapeutic agents. Its role in mimicking natural phospholipids makes it valuable for understanding cellular processes and developing biomedical applications.