This chemical is widely used in research and development within the fields of biochemistry and lipidomics. It serves as a critical component in studying lipid metabolism, membrane dynamics, and signal transduction pathways. In laboratory settings, it is often utilized to mimic natural phospholipids in artificial membranes, aiding in the investigation of cell membrane behavior and interactions. Additionally, it plays a role in the formulation of liposomes and other drug delivery systems, enhancing the stability and efficacy of encapsulated therapeutic agents. Its application extends to the study of enzymes like phospholipases, where it acts as a substrate to understand enzymatic activity and mechanisms.