Used in the field of lipid research and biochemistry as a model compound to study the behavior and properties of phospholipids in biological membranes. It helps in understanding membrane dynamics, lipid-protein interactions, and the role of specific lipid structures in cellular processes. Additionally, it is employed in the development of lipid-based drug delivery systems, such as liposomes, due to its ability to form stable bilayers and enhance the encapsulation and targeted release of therapeutic agents. Its unique structure also makes it valuable in investigating the effects of lipid oxidation and enzymatic activity on membrane integrity and function.