This compound is widely used in the formulation of liposomes and lipid nanoparticles, which are essential in drug delivery systems for targeted and controlled release of therapeutic agents. It serves as a key component in creating stable bilayers that mimic natural cell membranes, enhancing the biocompatibility and efficacy of encapsulated drugs. Additionally, it is utilized in research to study membrane dynamics, lipid-protein interactions, and cellular signaling pathways. In cosmetic applications, it acts as an emulsifier and moisturizer, improving the texture and hydration of skincare products. Its role in stabilizing lipid-based formulations also makes it valuable in the food industry for enhancing the shelf life and quality of emulsions.